If you don't sell your PR (preference rights) by today, it means you still have the right to purchase the Icps @ 0.06 each by 18 Dec 2018. If you pay up and buy the Icps, they will be traded in the open market later. You can sell it then, hopefully the price is more than 0.06 each. The Icps not sold can be converted to Tatgiap ordinary share @ 2 Icps for 1 mother share. In addition, you will also get one free warrant for every 2 ordinary Tatgiap shares held on 3 Dec 2018. The free warrants will also be traded in the open market later.
mukhriz02023 - You need to buy TatGiap-PR by today. Currently at 1 sen, For example you buy 10,000 TatGiap-PR @ 0.005 = RM50, then you wait for then form to arrive for you to subscribe to the ICPS. 10000 PR will entitle you to 1250 free warrants, but first you have to buy bank draft of RM600 to subscribe and make sure the form is delivered on or before 18/12/18
The amount to pay and subscribe, depend on how many ICPS you are willing to subscribe, if you buy 50,000 TatGiap-PR today then you will have to pay RM3000 ( quantity of TatGiap-PR * 0.06)
The ICPS may be converted into new shares on any Market Day commencing on and including the issue date of the ICPS up to and including the Maturity Date. Any Remaining ICPS that are not converted by Maturity Date shall be mandatorily converted into new shares at the conversion ratio of 2 ICPS for every 1 new shares
Haniv - Right now ICPS is not yet listed so you cannot convert into mother share. Please understand that TatGiap PR is just a form or piece of paper. You still have to subscribe (buy bank draft) in order to get your ICPS and wait for it to be listed
The acceptance date is on 18th December meaning the registrar should receive you form and payment ON OR BEFORE THE 18th of DECEMBER so its wise to mail it 3 or 4 days before the closing date, if I were you I will proceed to buy bank draft tomorrow.
Today is the last trading day for TatGiap-PR. If you fail to subscribe to the rights you will then lose whatever amount you pay for the PR
Haniv - If you are holding 338,000 ICPS then you need to pay RM20,280 in order to subscribe for the ICPS and you will be entitled to 42,250 free warrants
You may also not subscribe the full quantity allotted to you, for example out of the 338,000 you may just subscribe 100,000 (RM6000) - it's stated quite clearly in the Right Subscription Form (RSF) under the heading Full or Part Acceptance. Just make sure you fill up the boxes with the number of ICPS that you wish to subscribe and also pay the correct amount
Then scroll down to almost at the end and you can find the RSF, or you can ask your remisier, normally the broking firm can give you a photostat copy of the RSF
RENOUNCEABLE RIGHTS ISSUE OF UP TO 682,453,608 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN TATT GIAP GROUP BERHAD ("TATT GIAP" OR THE "COMPANY") ("ICPS") AT AN ISSUE PRICE OF RM0.06 PER ICPS TOGETHER WITH UP TO 85,306,701 FREE DETACHABLE WARRANTS IN TATT GIAP ("WARRANTS") ON THE BASIS OF 8 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN TATT GIAP ("TATT GIAP SHARES" OR "SHARES") HELD BY ENTITLED SHAREHOLDERS OF TATT GIAP AT 5.00 P.M. ON 3 DECEMBER 2018 ("RIGHTS ISSUE OF ICPS WITH WARRANTS")
The above is the entitlement for TatGiap The ex-date is on 29/11/18
If you have purchased TatGiap anytime BEFORE 29/11/18 then you will automatically entitle to the ICPS. Let say I bought 10,000 TatGiap on 28/11/18, so I am entitled to 40,000 ICPS and 5000 Free Warrants
So when TATGIAP-PR is listed from 4th-10th of December I can either sell(renunciate) all or partly OR choose to subscribe all 40,000 OR apply for excess
In you case if you did not purchase any TATGIAP before 29/11/18 but only bought TATGIAP-PR from the market, then the situation is like I mentioned before. Either you sell the PR before today (yesterday was the last day) or subscribe all or partly
You are right, if you subscribe 200,000 ICPS the amount will be RM12,000 and 25,000 free warrants
Haniv Because I saw the NPA form, there got stated number of TATT GIAP shares held at 5.00 PM ON 3 Dec 2018. If don’t hold any share, just leave it blank?
That is only for person that purchase TATGIAP mother share BEFORE 29/11/18 So you can leave that box blank
I give you a run down on how to fill up both forms :
NPA ==========
NAME, ADDRESS & CDS NUMBER OF ENTITLED SHAREHOLDER * Your full name * Your registered address with Bursa Malaysia when you opened acccount with broking firm. Ask you remisier for a print out of your details, there you can find out your registered address and CDS number
NUMBER OF TATT GIAP SHARES HELD AT 5.00 PM ON 3 DECEMBER 2018 * If you had purchase TATTGIAP-PR then leave this empty
NUMBERS OF ICPS PROVISIONALLY ALLOTTED TO YOU * 200,000 if that is the quantity that you want to subscribe
NUMBERS OF WARRANTS ATTACHED TO ICPS PROVISIONALLY ALLOTTED TO YOU * 25,000 (based on 200,000 ICPS you want to subscribe)
TOTAL AMOUNT PAYABLE IN FULL UPON ACCEPTANCE AT RM0.06 PER ICPS * RM12,000
RSF =========
NAME, ADDRESS OF ENTITLED SHAREHOLDER * same like NPA above
NRIC NO * Your IC Number
CDS ACCOUNT NO * Same like NPA, find out from your broking firm or remisier
PART I - ACCEPTANCE OF PROVISIONAL ALLOTMENT AND APPLICATION FOR EXCESS ICPS WITH WARRANTS
NUMBER OF ICPS WITH WARRANTS ACCEPTED/EXCESS ICPS WITH WARRANTS APPLIED FOR (A) ACCEPTANCE : 200,000
TOTAL AMOUNT PAYABLE T RM0.06 PER ICPS RM12,000
BANKER"S DRAFT/CASHIER'S ORDER * as stated on your draft
SIGNATURE/AUTHORISED SIGNATORY(IES) * Do not forget to sign
AFFIX MALAYSIAN REVENUE STAMP OF RM10.00 * Do not forget to affix RM10 stamp hasil
DATE * must fill up also okay
CONTACT TELEPHONE NUMBER * Your phone number
** YOUR BANKER'S DRAFT
Make sure when you buy banker's draft from the bank it is made payable to TATT GIAP RIGHTS ISSUE ACCOUNT
Make sure that at the back of your Banker's Draft write down your : * Name in block letter * Contact Number * Address (same like what your wrote on NPA & RSF) * CDS Number (same like what your wrote on NPA & RSF)
That's about it, put it all in an envelope and send to AGRITEUM SHARE REGISTRATION SERVICES SDN BHD 2nd Floor Wisma Penang Garden No 42, Jalan Sultan Ahmad Shah 10050 Georgetown Pulau Pinang
Thanks for your kind assistance, sorry, usually once the company received, will inform us one correct? Or where should we check? Because I’m afraid that it couldn’t reach on time as I’m stay at KL.
No the registrar won't notify whether you form reach them in time.The acceptance date is next Tuesday at 5pm. You should make an effort to send it by this Thursday or Friday. You can use courier service. I normally send by Pos Ekspres
Okay noted, I courier it out already, but just worried that they didn’t receive it only, so would like to know how to check whether I’m subscribe successfully or not By the way, thanks for your assistance bro, really appreciate your guidance & help
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mukhriz02023
1,291 posts
Posted by mukhriz02023 > 2018-12-08 09:32 | Report Abuse
Expired mean your money will be taken by the mother share