By Peter Ewart | Contributor
What is on offer?
A further 19.8m shares in RIFC plc are available through an Open Offer at £0.20 per share, a discount of 21.6% on the 28 August closing price, to all shareholders who held shares at 5 p.m. on the day.
Shareholders can buy 0.30185 new shares for every 1 share currently held, so if you bought 714 shares for £500 at the IPO you can buy 215 new shares at £43.
If all the shares are taken up then there would be 85.6m shares in RIFC plc. Essentially a 23% equity stake in RIFC plc is being offered to existing shareholders for £3.96m.