NO! No dividend That is declared or paid before the Rights issue. So no 5cents entitlement for new conversion of rights. Only next years dividend will be entitled : only if preference shares are converted to Ordinary shares.By adding 0.72 cents per ICPS. This i gather from the announcements.
EX-date 05 Dec 2017 Entitlement subject Interim Dividend Entitlement description Interim Dividend of 2 sen per share and special dividend of 3 sen per share under the single tier system in respect of the financial year ending 31 March 2018
NewBee here. I entitled for PR so if I not plan to subscribe so it will automatically convert 10 icps to 1 mother shares at no cost? Can someone confirm this ? Thanks
hmm... still not too clear for me. For example if i entitled 10 (10,000) ATTA-PR, so how much should i paid if i want to covert it to new shares ? and what if i don't want to convert it ? because really caused confusion of the sentence " by surrendering for cancellation 10 ICPS to be converted into 1 new ATTA share" & " by surrendering for cancellation such number of ICPS with an aggregate value below by conversion price, sunect to a minimum if 1 ICPS, and paying the difference between the aggregate value of ICPS surrendered and the conversion price in cash for 1 new ATTA share". Can some sifu explain me in details ? Much appreciated <3
You need convert your PR into ICPS( PA )before you can convert your ICPS( PA ) into ordinary share.PR is preference rights share that let you subcribe the ICPS in advance.
0.08 x 10000 = rm800 is correct. This is shown in Subscription Form. As regards contact for more information, please call the Registrar, Symphony Share Registrars, tel : 03-7849 0777
everyone seems confuse: I just converted my preference rights to ICPS.for 8cents. for example if you have 10000 shares you can subscribe 1;8= so 80000 ICPS @ 8cents. you pay another Rm6400. If you convert 10 ICPS for 1 Mother share= you are getting8000 mother share for RM 6400 . Therefore you are paying Rm640/- for 1000 shares .which is 64cents per share. Current price is..... 76.5 cents which is......Higher than 64 cents this.This is what you call sweetener to induce dedicated holders to buy more shares or reward current share holders Hope it makes things clearer.
Sorry, you are right. My calculations r wrong. Anyway I collected 10 cents Dividend already and m waiting for another 5cents on my purchase price of average 95 cents. This is much more than 15% realised gain. Also I can get 8 Preference Shares for each share I hold at 8cents. I think it good. Unless I convert to mother share Now.
That is the confusion part. the ratio is 8 ICUS to 1 mother shares = 8000*RM0.08 = RM640. And there is one sentense " by surrendering for cancellation 10 ICPS to be converted into 1 new ATTA share" & " by surrendering for cancellation such number of ICPS with an aggregate value below by conversion price, subjct to a minimum if 1 ICPS, and paying the difference between the aggregate value of ICPS surrendered and the conversion price in cash for 1 new ATTA share". So which one is right now ? haha ... seems no one know exactly how the right issue works. really terrible..
oh... Confirmed that this is not worth to convert at all... RM0.80 per share while the mother share only 0.78. Better buy it directly in the open market. No need to fill in forms and bank draft etc...
If you multiply 10PA by RM0.08 = RM0.80 which is higher than the current market price of the mother share at RM0.775. However, the price is kept at RM0.08 of which you can convert later.
ICPS over-subscription of 928,284,701 Rights ICPS or approximately 75.94% over the total of 1,222,426,720 Rights ICPS available for subscription under the Rights Issue of ICPS.
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Posted by YKWC > 2017-11-07 10:12 | Report Abuse
So how many dividend will be paid for each mother share now? izit still 5 cent per share?