Price adjustment will take effective on 11 December.
So what is the new price? announcement dated 6 September. refer http://ck5354.blogspot.com/2012/09/wct-bonus-issue.html
The price will be 1.85, so based on today wct price: 2.36 - 1.85 = 51 cents,
Let us don't be so optimistic, minus 10 cents, it is still worth 41 cents. Hoo la la.
But market is illogical.
OTHERS Notice to Holders of Warrants 2008/2013 (“Warrants B”) of WCT Berhad (“WCT” or “the Company”)
| WCT BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Notice to Holders of Warrants 2008/2013 (“Warrants B”) of WCT Berhad (“WCT” or “the Company”) |
Reference is made to the Company’s announcement on 23 November 2012 in relation to the Entitlement Date for the Bonus Issue of Shares and Bonus Issue of Warrants.
Please be informed that the exercise price for the Warrants B held in WCT will be adjusted in accordance with the provisions of the deed poll dated 12 March 2008 constituting the Warrants B ("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 Warrants B will take effect from 11 December 2012, being the next market day following the entitlement date for the Bonus Issue of Shares and Bonus Issue of Warrants.
This announcement is dated 6 December 2012.
| |
1 comments:
With the pending adjustment to WB exercise price taking place tomorrow to RM1.85, plus the mother share now up to RM2.43, it won't be long before the markets wake up and realise that the WB should be worth at least 55 sen.