Conversion mode : The ICPS may be converted into new Shares at the Conversion Price in the following manner:- (i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 5 ICPS for every 1 new Share (“Conversion Ratio”); and (ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share. Based on the above, the different conversion modes are illustrated below:- No. of ICPS to surrender for cancellation Total issue price of ICPS surrendered (RM) Additional cash payment (RM) Conversion Price (RM) 1 0.05 0.20 0.25 2 0.10 0.15 0.25 3 0.15 0.10 0.25 4 0.20 0.05 0.25 5 0.25 - 0.25
Looking at the conversion price, the higher the mother share price, the higher PERMAJU-PA price will go simply because I can opt for PA plus cash of 20.0 sen. For example, if mother price 29.0 sen, the PA is thoeritically 9.0 sen.
Icps need to be purchase? Or will auto enter to you if you’re shareholder? Sorry to ask as I’m not familiar with this kind of things. How it actually work?
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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....
flee8
145 posts
Posted by flee8 > 2020-07-13 15:57 | Report Abuse
Is flying up 0.305