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warrant issues
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apple_jj
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15-Nov-2007 14:52
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thanks so much Tiandi :) |
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tiandi
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14-Nov-2007 14:06
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apple you may read the meaning of warrant and FAQ from CDP website, you should be able to understand the procedure after reading. here is the link for ease of your navigation. http://www.cdp.com.sg/faq/warrant_faq1.html Below are cut from the website, just to help you get to the right place. Good luck on your reading... Your warrants provide you with the right, but not the commitment, to subscribe for a given number of ordinary shares in the company. Warrants, also known as Transferable Subscription Rights (TSR), are often offered free as an added attraction to rights shares or loan stocks issued by the company to raise additional capital. As specified by the company, warrants can be exercised at a pre-determined price within a specific time period, or only fixed dates. Like rights, warrants become worthless after the expiry date. To gain from your warrants, you should either exercise them, i.e. subscribe for the underlying shares, or sell them five market days before the expiry date (as indicated in the trading name of the warrant, appearing in a yymmdd format). The exercise period of a warrant does not extend beyond five years from the date of issue, as stipulated under the Companies Act. Exercising My Warrants
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apple_jj
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14-Nov-2007 13:53
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hi, need some help here. I have Eastage share and warrant 720 units, what should I do, I heard that warrant can ex-change share, how is process? |
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