A: Legally, I can’t advise you what to do without a full understanding of your financial situation, particular needs, investment objectives, etc.

I can say what I propose to do and as I am quite keen on the banking sector at these levels – I propose to take them up.

You also have two other choices – sell the rights (trading ceases this Friday), or do nothing. If you do nothing, the rights will effectively be auctioned to the institutions – and you should receive the difference between the price they pay and $71.50, less any administrative costs.

Hope this helps.