Latest Posts By MikeMike
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14-Sep-2013 10:09 |
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I am no expert but saw this useful guide on converting warrant to shares Step 1: Find out who your warrant agent is from  http://www.sgx.com/wps/portal/marketplace/mp-en/products/securities_products/company_warrants Step 2: Call your warrant agent up. The phone number is listed on the website above. You will need to get them to send you the exercise notice form. Give them your address, and they will mail it to you accordingly. Step 3: Apply for a cashier's order from your bank. The amount on the cashier's order is equal to the value of the warrants to be converted. Cashier's orders can be ordered using internet-banking for free. I went with DBS. However, the cashier's order from internet banking can only be collected at a few branches. Do check out with branches are available before applying.  A $5 surcharge is chargeable if it is applied at the bank itself and not through internet banking. Step 4: Fill up the exercise notice form when you receive it, which will include your name, address, securities account number, and the number of warrants to be converted. Step 5: Prepare an envelope, and put your completed exercise notice form, together with your cashier's order into the envelope. Although it is mentioned in the CDP website that your latest account statement is needed, in actual fact, it is not. You do not need to send it to the warrant agent. However, this is my information from calling up the warrant agent for Saizen Reit. It would be prudent to confirm with your warrant agent. Step 6: Affix a stamp and send your exercise notice! .  |
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12-Sep-2013 14:07 |
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Am right,   it should be 0.035 + 0.0175 = 0.0525 per share after converting and can I do it online (DBS)? Need advise. Thank in advance. 
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