Based on the price now, 2.43 - 1.85 = 0.58
WCT-WB should worth 0.58 if based on zero premium.
Now just 0.43, if you convert now, maybe you may earn 0.15 but only time can tell.
© 2012, Bursa Malaysia Berhad. All Rights Reserved.
(Please refer to the ealier announcement reference number: MI-110301-63287)
| Submitting Merchant Bank |
:
| OSK INVESTMENT BANK BERHAD |
| Company Name |
:
| WCT BERHAD |
| Stock Name |
:
| WCT-WB |
| Date Announced |
:
| 11/12/2012 |
| Instrument Type |
:
| Warrants | |
| Description |
:
|
|
| Listing Date |
:
| 28/04/2008 |
| Issue Date |
:
| 23/04/2008 |
| Issue/ Ask Price |
:
| MYR 0.2500 |
| Issue Size Indicator |
:
| Unit |
| Issue Size in Unit |
:
| 139,887,452 |
| Maturity Date |
:
| 22/04/2013 |
| Revised Maturity Date |
:
| |
| Exercise/ Conversion Period |
:
| 5.00Year(s) |
| Revised Exercise/ Conversion Period |
:
|  |
| Exercise/Strike/Conversion Price |
:
| MYR 2.5000 |
| Revised Exercise/Strike/Conversion Price |
:
| MYR 1.8500 |
| Exercise/ Conversion Ratio |
:
| 1 Warrant : 1 WCT Share |
| Revised Exercise/ Conversion Ratio |
:
| |
| Mode of satisfaction of Exercise/ Conversion price |
:
| Cash |
| Settlement Type/ Convertible into |
:
| Physical (Shares) |
| Remarks : |
| The exercise price for the warrants 2008/2013 held in WCT Berhad ("WCT") ("WCT-WB") has been revised from RM2.50 per ordinary share of RM0.50 each held in WCT ("WCT Share(s)") to RM1.85 per WCT Share in accordance with the provisions of the deed poll dated 12 March 2008 constituting the WCT-WB ("Deed Poll 2008/2013"), as a consequence of the Bonus Issue of Shares and Bonus Issue of Warrants, of which details pertaining to these corporate exercise undertaken by WCT are set out in the announcement dated 6 September 2012. Further, in accordance with the provisions of the Deed Poll 2008/2013, the said adjustment to the exercise price of WCT-WB takes effect from 11 December 2012 (as at the date hereof), being the next market day following the entitlement date for the Bonus Issue of Shares and Bonus Issue of Warrants. A notice setting out the details of the adjustment to the exercise price of WCT-WB pursuant to the Bonus Issue of Shares and Bonus Issue of Warrants will be despatched to the holders of WCT-WB in due course. This announcement is dated 11 December 2012. |
© 2012, Bursa Malaysia Berhad. All Rights Reserved.