KUALA LUMPUR (March 21): MHC PLANTATION []S BHD [] has proposed a bonus issue of 56.15 million new shares on the basis of two bonus shares for every five existing shares held.
It said on Wednesday, the corporate exercise would also include a bonus issue of 56.15 million warrants on the basis of two free warrants for every five existing shares held.
MHC said based on the paid-up share capital of MHC as at March 19 of RM140.38 million comprising 140.38 million MHC shares, a total of 56.15 million bonus shares may be issued.
It added that 56.15 million free warrants would be issued pursuant to the proposed bonus issue of warrants.
The indicative exercise price of the warrants was assumed at RM1.33 per warrant, a premium of 19.8% to the theoretical ex-bonus price of RM1.11 per MHC share up to an including March 19 of RM1.55 per share.
It said on Wednesday, the corporate exercise would also include a bonus issue of 56.15 million warrants on the basis of two free warrants for every five existing shares held.
MHC said based on the paid-up share capital of MHC as at March 19 of RM140.38 million comprising 140.38 million MHC shares, a total of 56.15 million bonus shares may be issued.
It added that 56.15 million free warrants would be issued pursuant to the proposed bonus issue of warrants.
The indicative exercise price of the warrants was assumed at RM1.33 per warrant, a premium of 19.8% to the theoretical ex-bonus price of RM1.11 per MHC share up to an including March 19 of RM1.55 per share.
