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 SCOMI Notice of Right Issue, Help...Plz...

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htt
post Mar 24 2010, 08:29 AM

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QUOTE(chhow @ Nov 3 2009, 02:25 PM)
SCOMI Notice of Right Issue

RI - 15 ICSLS + 2 FREE WARRANTS : 10 ORDINARY SHARES

(A)
Rights Issue Price: RM0.10
Conversion price of the ICSLS: RM0.40
Exercise price of the Warrants:RM0.40
Ex - Rights Issue: 12/11/09
Last date of lodgement: 16/11/09

Last Day and Time for:
- Sale of Provisional Allotment of Right: 23/11/2009  05:00 PM 
- Transfer of Provisional Allotment of Right: 26/11/2009  04:00 PM 
- Acceptance and Payment: 02/12/2009  05:00 PM 
- Excess Share Application and Payment: 02/12/2009  05:00 PM 

(B)
Retention Money :  Where securities are not delivered in time for
registration by the seller, then the brokers concerned :-

    i)  Selling Broker to deduct [ 15/25 ] , of the Selling Price against the
Selling Client.
    ii)  Buying Broker to deduct [ 10% ] of the Purchase Price against the
Buying Client.
    iii)  Between Broker and Broker, the deduction of [ 15/25 ] of the Transacted
Price is applicable

My Situation:
I'm the beginner,currently holding 50 lots of shares which bought at the price of RM0.47 per share.
And, currently i using electronic trading acc instead of offline broker.

Quests:
1) According to the announcement (A), should i subscribe the right issue? If yes, then what are the procedures?

2) What is the exact meaning of announcement (B)?
Your guidance and advise are highly highly appreciated... notworthy.gif  notworthy.gif 
TQ icon_rolleyes.gif
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That was all over already, are you sure you just received the notice?

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