NAB rights issue instructions - June 2015

NAB rights issue Instructions 

National Australia Bank (NAB) recently undertook a 2 for 25 accelerated renounceable entitlement offer with an issue price of $28.50. Shareholders could either take-up in the entitlement offer, sell their rights on market, allow rights be sold in the retail bookbuild process or a combination of the above. Below are instructions for updating your portfolio to account for these transactions in the Next Generation of Stock Doctor.  

Take-up entitlement offer

1. Within Stock Doctor, click into Portfolio Director.
2. Select the portfolio where you held the NAB shares by left-clicking on the portfolio name.
3. Click on the blue 'New Buy' button, which is located on the right above the Securities Held section. This will open up a smaller pop-up window.
4. In the New buy window, include Security Code 'NAB', Trade Date as '11/06/2015', No. of Shares (eg. if held 1,000 shares before the rights issue, then new amount would be 1000 / 25 * 2 = 80), Price ($) of '28.50' and Fees ($) of ‘0.00’. If applicable, select the relevant Source funds from Cash Account option and At Settlement Date as '10/06/2015'.
5. Include a brief summary such as ‘NAB 2 for 25 retail entitlement offer’ in the Notes section.
6. Click the blue ‘Save' button at the bottom of the window and this should have created the new shares to update your NAB holdings.

Sell rights on market

1. Within the Next Generation of Stock Doctor, click into Portfolio Director.
2. Select the portfolio where you held the NAB shares by left-clicking on the portfolio name.
3. Click on the blue 'New Buy' button, which is located on the right above the Securities Held section. This will open up a smaller pop-up window.
4. In the New buy window, include Security Code 'NABR', Trade Date as '09/05/2015', No. of Shares (eg. if held 1,000 shares before the entitlement offer, then new amount would be 1000 / 25 * 2 = 80), Price ($) of '0.00' and Fees ($) of ‘0.00’. If applicable, select the relevant Source funds from Cash Account option and At Settlement Date as '09/05/2015'.
5. Include a brief summary such as ‘NAB 2 for 25 retail entitlement offer’ in the Notes section.
6. Click the blue ‘Save' button at the bottom of the window and this should have created the new NABR securities. This will close the pop-up window.
7. Click on the Code ‘NABR’ under Securities Held, which will take you through to the NABR screen.
8. Under the Trades and Adjustments sections click on the ‘New Sell’ (second from the left). This will open up a smaller pop-up window.
9. In the New Sale window, Security Code 'NABR' will already be selected. Enter the Trade Date that you sold the securities, No. of Shares, Price ($) and Fees ($). If applicable, select the relevant Deposit funds into Cash Account option and the At Settlement Date.
10. Click the blue ‘Save' button at the bottom of the window and NABR securities should now be sold in your portfolio. This will close the pop-up window.

Rights sold in retail bookbuild

1. Within t Stock Doctor, click into Portfolio Director.
2. Select the portfolio where you held the NAB shares by left-clicking on the portfolio name.
3. Click on the Code ‘NAB’ under Securities Held, which will take you through to the NAB screen.
4. Under the Income section, click on the ‘New Dividend’ button. This will open up a smaller pop-up window.
5. In the New Sale window, Security Code 'NAB' will already be selected. Enter the Payment Date as ‘16/06/2015’, Dividend Type as ‘Distribution’ and the total income received (eg. if held 1,000 shares before the entitlement offer, then new amount would be 1000 / 25 * 2 * $3.10 = $248) in the ‘2. Unfranked Income ($)’ row.
6. Include a brief summary such as ‘NAB 2 for 25 retail entitlement offer – Retail Premium’ in the Notes section at the bottom.
7. Click the blue ‘Save' button at the bottom of the window and will now have accounted for the income from the sale of the rights. This will close the pop-up window.