Will I be eligible for a Bonus share?

Understanding Eligibility for Bonus Shares

Eligibility for corporate actions, such as bonus shares, depends on two key dates: the Record Date and the Ex-Date.

1. Record Date:

The Record Date is the cut-off date set by a company to determine which shareholders are entitled to receive the benefits of a corporate action, like a bonus issue. On this date, the company identifies all shareholders who own its stock and are thus eligible for the bonus shares.

2. Ex-Date:

The Ex-Date (or "ex-dividend date") is the date from which the company's shares trade without the benefit of the corporate action. To be eligible for bonus shares, investors must purchase the company's shares before the Ex-Date. Purchases made on or after the Ex-Date will not qualify for the bonus shares.

Example:

If the Ex-Date is December 3rd:

Eligible for Bonus: Shares purchased on or before December 2nd.

Not Eligible for Bonus: Shares purchased on or after December 3rd.