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NewsKenanga Investment Bank to issue 50m IOI call warrants
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Kenanga Investment Bank to issue 50m IOI call warrants
by Cals Tue 01 Oct 2013, 01:00
Published: Monday September 30, 2013 MYT 1:47:00 PM
Updated: Monday September 30, 2013 MYT 1:49:13 PM
Kenanga Investment Bank to issue 50m IOI call warrants
KUALA LUMPUR: Kenanga Investment Bank plans to issue up to 50 million call warrants over the shares of IOI Corporation.
It said on Monday the issuance would be European style non-collateralised cash-settled call warrants. The entitlement is six call warrants to one IOI Corp share.
Kenanga Investment Bank said the exercise price is RM5.80, being 109.23% of the closing price of IOI Corp shares on the price-fixing date of RM5.31.
The issue price is 15 sen being an amount equal to 16.95% of the closing price of IOI Corp shares on the price-fixing date of RM5.31, (ii) divided by six (being the entitlement), rounded to the nearest half sen.
Updated: Monday September 30, 2013 MYT 1:49:13 PM
Kenanga Investment Bank to issue 50m IOI call warrants
KUALA LUMPUR: Kenanga Investment Bank plans to issue up to 50 million call warrants over the shares of IOI Corporation.
It said on Monday the issuance would be European style non-collateralised cash-settled call warrants. The entitlement is six call warrants to one IOI Corp share.
Kenanga Investment Bank said the exercise price is RM5.80, being 109.23% of the closing price of IOI Corp shares on the price-fixing date of RM5.31.
The issue price is 15 sen being an amount equal to 16.95% of the closing price of IOI Corp shares on the price-fixing date of RM5.31, (ii) divided by six (being the entitlement), rounded to the nearest half sen.
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