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")
Hello...."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 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")
--->>>"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"
Means if i sell on 14 OCT I wont get the warrant??
Further to the email below on the Ex-date of Bonus issue for ESCERAM, we received some enquiries and wish to make the following clarification :
(i) Usually for Bonus issue, shareholders can sell the bonus shares on the Ex-date. However, as per announcement by ESCERAM to Bursa Malaysia, the date of listing of the Bonus and Warrant shares for ESCERAM will be on 26 October 2020. Therefore, based on the timeline announced, shareholders of ESCERAM cannot sell the Bonus shares on Ex-date of 14 Oct 2020 until the shares are credited into shareholders’ CDS accounts.
That's one of the reason this shares suddenly spiked up, as most sellers got caught selling their shares and now trying to buy back to avoid any buying in.
I don't think you can sell the bonus shares even if you wanted to since the bonus shares will not reflect in your account until 26 October. Same for the bonus warrants.
"So tonite can got bonus warrant into account right" No bonus & warrants will only be credited after 25th October (after trading) or on 26th itself
When the bonus & warrants to be credited to our account are easy to understand but when actually can sell our shares to be entitled to the bonus & warrant is still unclear. The statement that was given :
Therefore, based on the timeline announced, shareholders of ESCERAM cannot sell the Bonus shares on Ex-date of 14 Oct 2020 until the shares are credited into shareholders’ CDS accounts.
It does not clearly state if we were to sell our underlying shares today or tomorrow will we still entitle to the bonus & warrants
@LucklessJoe can sell half first or not tomorrow. It still show 2k lot 200,000 in my account but price decrease. If the price can reach above Rm1.00 back i am so happy because half price can become double. Then on 26th got credit bonus and warrant very very happy go to bank.
Fujisnow, you can sell your shares today and still get the warrants and bonus shares. Just that you cannot sell more than what you are holding since yesterday although theoretically you should have double of shares from what you had yesterday. Just that this bonus shares and warrants yet to be deposited into your CDS account. The share price has been adjusted which means it s not finalized. whoever bought today would not be entitled to any bonus shares or warrants.
Everyone should ask our own remisier/dealer, there is a reason why we are paying them brokerage fee.
My remisier told me today is the bonus day only. Not the Entitlement day. If we want to get the bonus, we should buy latest by yesterday, & hold passed entitlement day on 15)10/20 @ 5pm.
If we buy & sell today, or buy today & sell tomorrow, we're not entitled for bonus. The Entitlement is tmrw, 15/10/20 @5pm.
We should check our statement for clearification, we can sue our remisier & dealer if they mislead us right?
@peanuts9636 today reference price is calculated based on yesterday closing price of 1.38 , with bonus 1 for 1 and 1 free warrant with exercise price 20 cts. Formula is
(1.38 + 0.2) ÷ 3 ie 1.58 ÷ 3 = 0.5266 ( I thought it would round up but looked like it was round down to nearest 5 cts, so reference price for mother share is 0.525, warrant will be mother price minus 20 cts exercise ie 0.325.
For your average price or your cost , formula will be the same by replacing the 1.38 with your purchase price. Assuming you purchased at 1.00 , then your average price is (1.00 + 0.2) ÷ 3 = 0.40, warrant cost is 0.40 -0.20 = 0.20
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Fujisnow
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Posted by Fujisnow > 2020-10-14 14:48 | Report Abuse
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")
Hello...."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"
That means we must hold until 15 OCT 2020?????