Insas PA profile:
- Redeemable at RM1 after 5 years;
- Dividend of 4% payable every half-yearly;
Current price: 0.95
On top of 4 cents dividend annually u can get 0.05 when matured. ( Redeem at RM 1)
|3379PA INSAS-PA INSAS BERHAD-PREFERENCE SHARES A|
|Profile for Preference Shares|
Instrument Type : Preference Shares Description : Redeemable preference shares of RM0.01 each in Insas Berhad ("RPS") issued pursuant to a renounceable rights issue with warrants Listing Date : 03/03/2015 Issue Date : 26/02/2015 Issue/ Ask Price : MYR 1.0000 Issue Size in Unit : 132,601,268 Maturity Date : 25/02/2020 Revised Maturity Date : Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0.0000 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : Not Applicable Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities Settlement Type/ Convertible into : Cash Remarks : The RPS shall carry the right to receive cumulative gross preferential dividend rate out of the distributable profits of Insas Berhad ("Insas" or "Company") as the issuer, at a dividend rate per annum of four (4) sen on the issue price per RPS. The RPS is not convertible into new ordinary shares of RM1.00 each in Insas. The RPS is redeemable at 100% of the issue price of the RPS at any time during the tenure of the RPS at the option of the Company as the issuer, where not less than seven (7) business days" in writing notice must be given. Any RPS not redeemed by the Company or surrendered by the RPS holder at the maturity date (being a date being five (5) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day) shall be automatically redeemed by the Company at 100% of the issue price of the RPS. This announcement is dated 2 March 2015.