Discovery go ex the rights today, meaning that the company starts trading without the rights. It is simple, on Friday was the last day in order to participate in the rights issue in the ratio of 9.38641 per 100 (at 90 Rand apiece), the share price today will trade accordingly lower, possibly around 6-7 percent lower from where it opens. The shares that you buy today include all the extra ones (55.5 million) that are going to be listed in the coming weeks. Remember, we think that you MUST follow your rights. Apply that ratio above to your current holding of Discovery shares, as per Friday's mini statement, and then multiply it by 90 Rand a share, simply make that deposit.
It is approximately 6.5 percent of your current holding, as per the close of trade Friday. That is the simpler ratio. What are the time frames? In other words, how much time do I have? You must do it, as a beloved old client of ours used to say: "immediately at once!" You basically have two weeks today to make sure that the funds are in your account. If you do not do anything, you will lose money.