1. Construct a table, using the same components as table 21.1 (Chapter 21, page 261 of your prescribed text book), provi

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1. Construct a table, using the same components as table 21.1
(Chapter 21, page 261 of your prescribed text book), providing
event conditions and information for the CURRO rights offer (10) 2.
Construct a rights issue timeline, including dates, and highlight
the following periods. (3) a. Rights Trading Period, b. Rights
Subscription Period, and c. Expiry Period 3. Identify the different
events in this multi-stage corporate action and indicate whether
they are mandatory, mandatory with options or voluntary events (3)
4. Explain what is meant by a Renounceable Rights Offer and outline
a shareholders options with regards to this in South Africa? (5) 5.
Determine the discount to the closing price of the Curro shares, on
Friday, 19 February 2016, that the rights issue price represents.
(2) 6. Identify the record date(s) and briefly explain the purpose
of each (2) 7. Briefly explain the rules that will be used by CURRO
in dealing with fractions for a Rights Offer Share (1) 8. Calculate
the theoretical ex-rights price of Curro shares based on the 30-day
volume weighted average traded price of Curro’s Ordinary Shares, as
at 19 February 2016, and the rights issue price of R33. (Exclude
from your calculation the portion of shares that PSG has agreed to
underwrite and assume that that number is the maximum number that
PSG agreed to take up)