4 share you get 3 right share,
2 right share subscribe free 1 warrants (exercise 1.18)
K. Europlus fixes rights shares at RM1.08 each
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It said on Wednesday the rights shares, which were issued on the basis of three rights shares for every four shares held, were at a discount of 8.47% to the theoretical ex-rights price of RM1.18.
KEuro added that the rights shares were also based on the five-day volume weighted average market price of its shares up to and including July 14, 2014 of approximately RM1.26.
It also said it had fixed the exercise price of the warrants at RM1.18.
The warrants were issued on the basis of one free warrant for every two rights shares subscribed.