Duty Free International (SGX: 5SO)

what88

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Anybody mind to explain what this means especially the one highlighted in bold? TIA


(a) (i) Bonus Warrant to entitle the holder thereof to subscribe for one (1) New Exercised Share at an exercise price of S$0.43 for each New Exercised Share and which may be exercised commencing on and including the date six (6) months from the date of listing of the Bonus Warrants on the SGX-ST and expiring at 5.00 p.m. (Singapore time) on the date immediately preceding the fifth (5th) anniversary of the date of issue of the Bonus Warrants
 

Kinetic88

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Anybody mind to explain what this means especially the one highlighted in bold? TIA


(a) (i) Bonus Warrant to entitle the holder thereof to subscribe for one (1) New Exercised Share at an exercise price of S$0.43 for each New Exercised Share and which may be exercised commencing on and including the date six (6) months from the date of listing of the Bonus Warrants on the SGX-ST and expiring at 5.00 p.m. (Singapore time) on the date immediately preceding the fifth (5th) anniversary of the date of issue of the Bonus Warrants

the warrant will become useless if not exercised (applied to become shares after paying S$0.43 per share) before market closed on the 5th anniversary date of issue.
 

what88

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Thanks Average and kinetic88.

What about the 6(six) months that mentioned in the paragraph ? :o
 
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