10 * 0.145 = 1.45 + 20 cents ( From 50 cents issue to exercise price of 70 cents, 70-50 = 20 cents)
= 1.65
7* 0.25 = 1.75
You pay 1.65 to buy 1.75, right???
Worth it????
Instruments Profile
Reference No MM-070626-39120
Submitting Merchant Bank : ALLIANCE INVESTMENT BANK BERHAD
Company Name : MAJUPERAK HOLDINGS BERHAD
Stock Name : MJPERAK-PA
Date Announced : 26/06/2007
Instrument Type : Preference Shares
Type of Structured Warrants :
Description : Irredeemable Convertible Preference Shares (ICPS)
Underlying Stock : Majuperak Holdings Berhad
Issuer : Majuperak Holdings Berhad
Term Sheet Date :
Issue Date : 07/04/2006
Issue Size (unit) : 135,851,142
Listing Date : 27/06/2007
Maturity Date : 06/04/2016
Revised Maturity Date :
Issue/ Ask Price : MYR 0.5
Exercise/ Strike/ Conversion Price : MYR 0.7
Exercise/ Conversion Ratio : Conversion ratio 10 ICPS : 7 new shares
Settlement Type : Physical
Remarks :
The holders of ICPS will have the right to convert the ICPS at the conversion price into new shares after and/on including the fifth (5th) anniversary of the date of issue of the ICPS until maturity. Any nominal value not converted by maturity date will be mandatorily converted into new shares on maturity date.
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