Remarks : Warrant C holders are advised to read this notice of book closure together with the Company's announcements dated 12 May 2017 in relation to the notice of book closure for the Bonus Shares, free Warrants D and adjustments to Warrants B, respectively.
The additional Warrants C consequential to the Bonus Issue of Shares will be allotted and issued in accordance with the provisions of the Deed Poll C to the entitled Warrant C holders who have not exercised their outstanding Warrants C and whose names appear on the Record of Depositors of outstanding Warrants C as at 5.00 p.m. on 26 May 2017.
The additional Warrants C will be listed and quoted simultaneously with the Bonus Shares, Warrants D and additional Warrants B two (2) market days after the receipt of the quotation application by Bursa Malaysia Securities Berhad. The notice to Warrant C holders setting out the details of the Adjustments to Warrants C and the notice of allotment of the additional Warrants C will be despatched in due course.
Warrant C holders who wish to be entitled to the Bonus Shares and free Warrants D should exercise their rights to subscribe for new Bornoil Shares by lodging their duly completed exercise forms together with the subscription monies with the Share Registrar, Labuan Corporate Services Sdn Bhd, on or before 5.00 p.m. on 16 May 2017. This is to enable the new Bornoil Shares to be issued arising from such exercise to be allotted to the respective Warrant C holders such that their names will appear on the Record of Depositors of Bornoil Shares as at 5.00 p.m. on 26 May 2017.
Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.
time given for conversion of warrant B &C was too short. I think the company also don want warrants holders to convert ( convert before 16-05-2017). Anyway warrants conversion price is going to change in accordance with provision of the DEED POLL C (adjustments to warrants C )
The conversion price will be lowered for warrant. No panic and no need to converse Just keep the warrant. Only Warrant B might have problem becos the deadline for conversion is next year 2018
the conversion price should not lower then par value. But after the bonus issue and warrant D, migration to no PAR VALUE regime under the Companies Acts 2016 , PAR VALUE is no longer relevant. The announcement dated 12 May 2017 refered. So we can see for Warrant D the conversion will be 7 sen.
Be a shareholder, should read yourself the announcement properly, otherwise read 1 by 1 msg in the forum, dont ask stupid question again n again like, is WB/WC entitled for bonus or WD..... if both u have tried, still do not understand ? Betul betul need to put $$ to FD, share market is very dangerous :p coz u do not understand at all ..... @@
both warrant B and warrant C will be entitled for bonus issue at the same ratio as mother share (4:8). Just that if we convert WB or WC to mother share will have more advantage bcos mother share got extra free warrant D and dividens. If WB or WC holder doesn't want to convert to mother share, just let it be since your wb/wc will also entitled to bonus issue.
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....
Louischiok
17 posts
Posted by Louischiok > 2017-05-15 09:26 | Report Abuse
If our long term benefiting factors on BORNOIL still there, might as well hold and accumulate more after ex date