Description
Trading in Rights Entitlements (REs) for Lloyds Enterprises Limited permitted from August 25, 2025 to September 2, 2025.
Summary
BSE announces the commencement of trading in Rights Entitlements (REs) for renunciation of Lloyds Enterprises Limited from August 25, 2025 to September 2, 2025. The Rights Issue will be open from August 25 to September 8, 2025.
Key Points
- Trading in Rights Entitlements permitted for Lloyds Enterprises Limited (Scrip Code: 751026)
- Rights Entitlements tradable only in dematerialized form
- Settlement on T+1 Rolling Settlement basis with trade-for-trade settlement
- Market lot size: 1
- ISIN: INE080I20017, Scrip ID: LLOYDSE-RE
- REs must be either subscribed with application money or renounced before issue closing date
Regulatory Changes
No new regulatory changes introduced. Existing framework for Rights Entitlements trading applies.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchases
- Disclaimer must clarify that RE purchase only provides right to participate in rights issue
- Trading members must ensure clients understand REs are not ordinary shares
- Members should refer to previous notices (20200305-21 and 20200518-34) for additional details
Important Dates
- RE Trading Period: August 25, 2025 to September 2, 2025
- Rights Issue Period: August 25, 2025 to September 8, 2025
- Settlement: T+1 Rolling Settlement basis
- Expiry: Unsubscribed/unrenounced REs will lapse after Issue Closing Date
Impact Assessment
Medium impact for Lloyds Enterprises shareholders who need to decide whether to exercise rights, sell entitlements, or let them lapse. Trading members must ensure proper client communication and documentation to avoid confusion between REs and ordinary shares.
Impact Justification
Rights entitlements trading affects shareholders' ability to participate in or trade their rights, with specific trading period and settlement requirements