KUALA LUMPUR, Feb 18 – Maybank Investment Bank Bhd (Maybank IB) is issuing eight new European style cash-settled structured warrants over ordinary shares, with an issue size of 100 million each.
The warrants, which will be listed on February 19, was issued to Hap Seng Consolidated Bhd (HAPSENG), Hap Seng Plantations Holdings Bhd (HSPLANT), IJM Plantations Bhd (IJMPLNT), Kulim (Malaysia) Bhd (KULIM), PPB Group Bhd (PPB), Sime Darby Bhd (SIME), TH Plantations Bhd (THPLANT) and Top MGlove Corporation Bhd (TOPGLOV).
In a statement, Maybank Investment said KULIM, SIME and TOPGLOV warrants had a ratio of six for each underlying share and a gearing of 4.00 times, 10.33 times and 5.81 times, respectively.
“HSPLANT and THPLANT warrants have an exercise ratio of three for every one underlying share and a gearing of 6.09 times and 4.51 times each.
“HAPSENG warrants has an exercise ratio of two for every one share and a gearing of 5.43 times,” it said. PPB warrants has an exercise ratio of 12 for every one share and a gearing of 6.92 times. IJMPLNT warrants have an exercise ratio of four for every one share and a gearing of 4.93 times. All these call warrants will expire in nine months.
BERNAMA
