Profile for Warrants (Amended Announcement) Instrument Type : Warrants Description : Issuance of 180,000,000 free warrants in SKP Resources Berhad ("SKP") ("Warrant(s)") on the basis of one (1) Warrant for every five (5) existing ordinary shares of RM0 10 each in SKP ("SKP Share(s)") Listing Date : 03/07/2012 Issue Date : 27/06/2012 Issue/ Ask Price : Not Applicable Issue Size in Unit : 180,000,000 Maturity Date : 27/06/2017 Revised Maturity Date : Exercise/Conversion Period : 5 00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0 4500 Revised Exercise/ Strike/ Conversion Price : MYR 0 5500 Exercise/ Conversion Ratio : 1 Warrant: 1 new SKP Share Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : 1 The exercise price of Warrant from 27 June 2014 (being second anniversary of the issue date) to 27 June 2016 (being fourth anniversary of the issue date) is RM0 55 per SKP Share 2 Each Warrant carries the entitlement to subscribe for one (1) new SKP Share at the exercise price subject to the following step-up mechanism: (i) upon issuance of the Warrants up to (but excluding) the second anniversary of the issue date RM0 45 per SKP Share; (ii) exercise at any time on and from the second anniversary of the issue date up to (but excluding) the fourth anniversary date RM0 55 per SKP Share; and (iii) exercise at any time on and from the fourth anniversary of the issue date up to the maturity date of the Warrants RM0 65 per SKP Share, subject to the adjustments in accordance with the provisions of the deed poll dated 11 June 2012, constituting the Warrants Any Warrants not exercised during the exercise period (as indicated above) will thereafter lapse and cease to be valid for any purpose This announcement is dated 8 April 2015
Stock has been shooting from 0.3 till now when the news of "buying tecnic's operating company, new factory expansion, and new contract from Dyson". All this good news already priced in, there is a high risk of price adjustment now, be careful if u wanna join the boat now.
SKP will hold their AGM in Sept 2015. Going to announce big investment project from Dyson. still have room for 15% to 20% profit by sept. Once they announce the Q2 profit, it will shoot up the price again.
im new at this.. but if i buy its warrant and immediately convert into mother shares (RM0.77 + RM0.55 = RM1.32) and then sell it at mother share price(RM1.34 - 1.35), didn't i just make 2 cents of free money?
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