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.