The Company will now move ahead to offer existing shareholders preemptive rights to subscribe for one new share for every three existing shares held, with each new share receiving a detachable warrant
to purchase a further share in the future (the Offering).
In addition, any detachable warrant
may also be classified as a liability.
These warrants are identical to those held by public investors in the IPO, who received one redeemable share and one detachable warrant
A free detachable warrant
will also be issued to the noteholder for every 10 common shares, excluding the rights shares, regardless of whether or not the investor subscribes to the stock rights.
In similar fashion, APBO 14 (3-69), [paragraph]12, prevents an allocation of a debt issue price to a conversion feature, while [paragraph]17 does allocate the issue price to the value of a detachable warrant
In connection with these transactions, the Company issued to Banco Inbursa a detachable warrant
which is exercisable for up to 5.
Each promissory note with a detachable warrant
entitles the holder to subscribe for one new share in the company at a nominal price of SEK 2, which is comparable to SEK 150.
None of the shares of common stock, short term warrants, Units and the convertible promissory notes and detachable warrant
comprising the Units were registered under the Securities Act of 1933, as amended, and such securities were exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended and Rule 506 of Regulation D promulgated thereunder.
In a disclosure to the Philippine Stock Exchange yesterday, Now said its board had agreed to raise, by way of a follow-on offering, up to 10 million redeemable, convertible, nonparticipating and nonvoting preferred shares with detachable warrants
In parallel, subscribers to the new shares are entitled to receive three detachable warrants
per common share.
MYR 600 million Fixed Rate Serial Bonds with Detachable Warrants
(due 2015) at -.
The lenders received six-year notes with a coupon of more than 14 percent and detachable warrants