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05 Sep 07 Record date for Fortis Financial Services rights issue

The record date for Fortis Financial Services rights issue is today, 05 September 2007. Shareholders of Fortis Financial Services who’s names appear in the register of shareholders of Fortis Financial Services will be eligible for the rights issue. Those eligible for the rights issue should use this as the opportunity to buy more shares at a lower price. Those who are not interested in applying for the rights issue must atleast renounce (sell) their rights. If no action is taken, then the networth will be diluted since prices will fall after the rights issue as EPS is diluted due to a larger equity base.


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