Warrant trade in NEGATIVE premium, betul kah???
Conversion RM 0.35, current price RM 0.24,
total 0.59 betulkah???
| Mother now trade at 0.71 7071WB TAKASO-WB TAKASO RES BHD-WARR 11/16 |
| Profile for Warrants |
Instrument Type : Warrants
Description : Free detachable warrants (Warrants) issued pursuant to the
renounceable rights issue of 94,033,811 new ordinary shares of RM0.25 each in
Takaso Resources Berhad (Rights Shares) (Rights Issue of Shares with Warrants)
Listing Date : 13/09/2011
Issue Date : 05/09/2011
Issue Size in Unit : 56,420,285
Maturity Date : 04/09/2016
Revised Maturity Date :
Exercise/Conversion Period : 5.00 Year(s)
Exercise/ Strike/ Conversion Price : MYR 0.3500
Revised Exercise/ Strike/ Conversion Price : MYR 0.0000
Exercise/ Conversion Ratio : 1 : 1
Revised Exercise/ Conversion Ratio :
Mode of Satisfaction of Exercise/Conversion Price : Cash
Settlement Type/ Convertible into : Physical (Shares)
Remarks : The Warrants are issued to the entitled shareholders of Takaso
Resources Berhad ("TRB") on the basis of three (3) free Warrants for every five
(5) Rights Shares subscribed pursuant to the Rights Issue of Shares with
Warrants.
Each Warrant carries the entitlement to subscribe for one (1) new ordinary share
of RM0.25 each in TRB at the exercise price of RM0.35 and at any time during
the exercise period, subject to the adjustments in accordance with the
provisions of the deed poll dated 26 July 2011, constituting the Warrants. Any
Warrants not exercised during the exercise period will thereafter lapse and
cease to be valid for any purpose.
This announcement is dated 12 September 2011.
|
3 comments
So what is your view regarding this negative premium?
I check through the announcement and did not find any corporate movement that only will benefit the mother holder.
Really no idea on why the warrant is trading at the negative premium.
Operator drama. Kana tipu. I also thought so good, bought in then keep water fall. cut loss lose RM 900 :(...
semua tipu orang, where hv so big katak jump in KLSE.