Corporate Actions

Which description below is correct?

• A corporate action is an event initiated by a government that brings or could bring an actual change to the company structure— impacting share holders

• A corporate action is an event initiated by a company or corporation that brings or could bring an actual change to the securities—equity or debt—issued by the company.

• A corporate action is an event initiated by shareholders that brings or could bring an actual change to management of a company

• A corporate action is an event initiated by a company or corporation that needs to be agreed upon by the respective government

If someone purchased shares for a company on the ex dividend date, are they likely to be eligible for the dividend payment?

• Yes

• No

What is the record date for dividends?

• Determining the payment and ownership of stock

• When all details need to be provided to the share registry

• The actual payment date

• The account reconciliation date

Which statement is correct for a Share split?

• A share split is the multiplication of shares into a larger number of shares each with a correspondingly larger market value.

• A share split is the subdivision of shares into a larger number of shares each with a correspondingly lower market value.

• A share split is the multiplication of shares into a larger number of shares each with a correspondingly lower market value.

• A share split is the subdivision of shares into a smaller number of shares with a marginably higher value

What is a take over?

• When a company makes a bid for another companies shares

• When someone buys another persons holdings

• A term used when there is a change of management

• When a company sells all its assets

There are 2 types of take overs - which 2 options below are correct?

• On Market bid

• Off Market bid

• Below Market bid

• Above Market bid

True or False? If the takeover has reached the unconditional level (90% or more), the remaining investors (who have not responded to the offer) no longer have any choice over whether they will accept or reject the takeover offer.

• True

• False

What is de-listing?

• The removal of a company's name from the telephone and online number registries

• When a company loses its SEO ranking

• The removal of a company's shares from listing on the stock exchange.

• When a company is classified as bankrupt

True or False? As an ASX trading rule, clients may only take up to $10000 worth of share purchase plans per year

• True

• False

What is an unmarketable parcel?

• a trade placed with a value less than $500

• a trade placed for a value not equal to those of a specific holding

• a trade placed outside of 3 points of the market value

• a trade that was required to be purged