Hi
I Bought 300 shares in Gillanders Arbuthnot & Co 2 days back. when i enter into their site, there i saw they have announced to issue of bonus share at the ratio of 1:2, They have mentioned 14/09/2010 as Ex bonus date & 15/09/2010 as Record Date, I couldn't undersatand the these 2 terms. Now my query Am I eligible for getting bonus share? If i buy any shares on Record date (15/09/2010) For that i will get bonus share.
Could anyone explain concept behind this bonus Share
I Bought 300 shares in Gillanders Arbuthnot & Co 2 days back. when i enter into their site, there i saw they have announced to issue of bonus share at the ratio of 1:2, They have mentioned 14/09/2010 as Ex bonus date & 15/09/2010 as Record Date, I couldn't undersatand the these 2 terms. Now my query Am I eligible for getting bonus share? If i buy any shares on Record date (15/09/2010) For that i will get bonus share.
Could anyone explain concept behind this bonus Share