I got this message - from what i understand 4 to 1 means a huge benefit - It doesn't sounds logical can someone explain?
thx...
"
This notification is for informational purposes in the event a shareholder wishes to take advantage of a conversion right. There is no requirement to convert shares. This overview does not describe a choice dividend. In the event the company announces a choice dividend a separate election will be made available to customers.
The American Depository Receipt (ADR) of BARCLAYS PLC-SPONS ADR is eligible for redemption into the underlying common shares under the symbol BARC. The terms to redeem the ADR are as follows:
Conversion Ratio: 4 for 1
ADR Agent: J.P.Morgan Chase
The typical costs for the redemption of the ADR are as follows (all costs subject to change)
Estimated Fee per ADR share: USD 0.075
Minimum Fee per request: USD 1000
Fees for the redemption will be charged to the account upon submission of the request to the agent.
Note that only settled shares may be submitted to this action. Processing will begin once shares are settled in the account."
thx...
"
This notification is for informational purposes in the event a shareholder wishes to take advantage of a conversion right. There is no requirement to convert shares. This overview does not describe a choice dividend. In the event the company announces a choice dividend a separate election will be made available to customers.
The American Depository Receipt (ADR) of BARCLAYS PLC-SPONS ADR is eligible for redemption into the underlying common shares under the symbol BARC. The terms to redeem the ADR are as follows:
Conversion Ratio: 4 for 1
ADR Agent: J.P.Morgan Chase
The typical costs for the redemption of the ADR are as follows (all costs subject to change)
Estimated Fee per ADR share: USD 0.075
Minimum Fee per request: USD 1000
Fees for the redemption will be charged to the account upon submission of the request to the agent.
Note that only settled shares may be submitted to this action. Processing will begin once shares are settled in the account."