charcoal3256
Member
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- Nov 5, 2006
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Hi everyone,
I'm pretty new to the stock market and have some questions abt rights issue and warrant. I have 2 ISDN stocks at the moment. Saw that there is a right issue and warrant currently.
RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 179,972,475 WARRANTS AT AN ISSUE PRICE OF S$0.02 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW
SHARE TO BE ISSUED BY THE COMPANY CREDITED AS FULLY PAID UPON THE
EXERCISE OF THE WARRANTS (EACH, A “NEW SHARE”) AT THE EXERCISE PRICE OF S$0.60 FOR EACH NEW SHARE, ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES (“SHARES”) HELD BY ENTITLED SHAREHOLDERS
For the ISDN right issue, does it mean that I will be entitled to 1 warrant which will cost me $0.02, and that I am able to exchange it for 1 lot of share at $0.60. So currently the price of ISDN is 1.14. So meaning I will earn a profit of $0.54? Not sure if it is the correct interpretion, can anyone kindly advise me abt it?
Thanks
I'm pretty new to the stock market and have some questions abt rights issue and warrant. I have 2 ISDN stocks at the moment. Saw that there is a right issue and warrant currently.
RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 179,972,475 WARRANTS AT AN ISSUE PRICE OF S$0.02 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW
SHARE TO BE ISSUED BY THE COMPANY CREDITED AS FULLY PAID UPON THE
EXERCISE OF THE WARRANTS (EACH, A “NEW SHARE”) AT THE EXERCISE PRICE OF S$0.60 FOR EACH NEW SHARE, ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES (“SHARES”) HELD BY ENTITLED SHAREHOLDERS
For the ISDN right issue, does it mean that I will be entitled to 1 warrant which will cost me $0.02, and that I am able to exchange it for 1 lot of share at $0.60. So currently the price of ISDN is 1.14. So meaning I will earn a profit of $0.54? Not sure if it is the correct interpretion, can anyone kindly advise me abt it?
Thanks