The ICPS may be converted into new Bioalpha Shares based on the following conversion modes: (1) Cashless Conversion by surrendering 11 ICPS for conversion into 1 new Bioalpha Share; or (2) Cash Conversion by surrendering 1 ICPS and cash payment of RM0.20 for conversion into 1 new Bioalpha Share.
Premised on the terms of the ICPS, the ICPS can be converted into new Bioalpha Shares at any time within 5 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and conversion price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Bioalpha Shares at the conversion ratio of 11 ICPS for 1 new Bioalpha Share.
If the conversion results in a fractional entitlement to Bioalpha Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.
This announcement is dated 27 May 2021.
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uchiha1
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Posted by uchiha1 > 2021-07-29 11:18 | Report Abuse
Hello.. anyone collecting??