Read from SCIB circular dated 30 Oct 2020 on the bonus shares and warrant proposal :
Basis and justification of determining the issue price and exercise price of Warrants The Warrants will be issued at no cost to the Entitled Warrantholders. The exercise price of the Warrants will be determined at a later date and an announcement will be made by our Board after the receipt of all relevant approvals but before the announcement of the Warrants Entitlement Date, by taking into consideration the following:- (i) the historical price movement of SCIB Shares and the future funding requirements of SCIB Group; (ii) the TEBP of SCIB Shares based on 5-day VWAP of SCIB Shares up to the price-fixing date, with a premium of up to 30%. For illustrative purpose, the indicative exercise price of the Warrants is assumed at RM1.21 per Warrant, which represents a premium of approximately 29.1% to the TEBP of SCIB Share of RM0.9375 post-Proposed Bonus Issue of Shares, calculated based on the closing price of the Company as at the LPD of RM3.75 per SCIB Share; (iii) Warrants are exercisable at any time for a tenure of 3 years from the date of issuance of the Warrants; and (iv) Warrants will be issued at no cost.
SCIB Group is expected to secure several projects to be awarded by SDHB Group for the provision of construction and project management services, and the supply of precast products and construction materials for overseas and local projects, the tenure of which, varies between a period of 24 to 36 months. The estimated total contract sum of these projects is approximately RM1.37 billion.
Note: Under Recurrent Related Party Transaction condition, SCIB already received project worth RM677millions from Serba.
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....
GGWIN99
41 posts
Posted by GGWIN99 > 2021-01-13 18:21 | Report Abuse
hamster huat
i dint see any ex date annoucement for kpower
mind to show me? thanks