When can i see bonus warrant in my trading account.
Bonus lot will be credit on Thursday. Warrant bonus i read read also dun understand. I check on trading platform i type es ceramic dont show esceram-wa.
I read got said 26 October, 4 trading day, 2 trading day. So dont know warrant.
Thx to hakubasnow, good info "... #kachan You can sell tomorrow all 4 lots via your remisier. But do note that you you will incur contra losses due to the price adjustment. But once the bonus shares "delivered" to your broker at T+2 (Thursday) it will off set part of your contra losses - Because the calculation to make it profitable must includes the selling of the warrants together 13/10/2020 7:01 PM ...."
ES CERAMICS TECHNOLOGY BERHAD ("ES CERAMICS" OR "COMPANY") BONUS ISSUE OF UP TO 236,565,097 NEW ES CERAMICS SHARES ("BONUS SHARES") TOGETHER WITH UP TO 236,565,097 FREE DETACHABLE ES CERAMICS WARRANTS ("WARRANTS"), ON THE BASIS OF 1 BONUS SHARE TOGETHER WITH 1 WARRANT FOR EVERY 1 EXISTING ES CERAMICS SHARE HELD AS AT 5.00 P.M. ON 15 OCTOBER 2020 ("BONUS ISSUE OF SHARES WITH FREE WARRANTS").
Remarks 1: - “Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 15 Oct 2020 with bonus issue of ESCERAM shares, any shareholder who is entitled to receive ESCERAM bonus issue shares, may sell any or all of his ESCERAM shares arising from the bonus issue beginning the Ex-Date ( 14 Oct 2020).
For example, if Mr X purchases 2000 shares of ESCERAM shares on cum basis on 13 Oct 2020/ or Before, then Mr X should receive 2000 shares on 15 Oct 2020 . As a result of the bonus issue, a total of 4000 ESCERAM shares will be credited into Mr X's CDS account on the night of 15 Oct 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 4000 on or after the Ex-Date ie from 14 Oct 2020 onwards (via Remiser with some handling fees)"
Remarks 2: The date of the listing and quotation of the Bonus Shares and Warrants shall be on 26 October 2020.
do Not oversold otherwise ur rremisiers will do BUYIN FOR U WITH PENALTY, 10 BITS HIGHER THAN THE CLOSING PRICE OF THE LAST TRADING SESSION ( PLSE REFER TO UR REMISIERS FOR MORE INFO)
#2020covid19 Any purchase & sales AFTER the ex-date will be treated as normal contra - you can do it by yourself. But purchase BEFORE ex-date must go through remisier if you intend to sell on the ex-date or one day after
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Mcaresdk91
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Posted by Mcaresdk91 > 2020-10-13 19:50 | Report Abuse
sure up.good things ahead for esceram.