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alvin, both are worthless to do. will expired next year. hopefully got some goreng2 for the PA or just dump la while still got value. This PA is from previous owner. I dont think new owner want it to be converter to new share. thats why they produce new warrant later
Remarks :
The ICPS may be converted into new Minetech Shares based on the following conversion modes:
(1) Cashless Conversion by surrendering 4 ICPS for conversion into 1 new Minetech Share; or
(2) Cash Conversion by surrendering 1 ICPS and cash payment of RM0.09 for conversion into 1 new Minetech Share.
Premised on the terms of the ICPS, the ICPS can be converted into new Minetech Shares at any time within 5 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and conversion price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Minetech Shares at the conversion ratio of 4 ICPS for 1 new Minetech Share.
If the conversion results in a fractional entitlement to Minetech Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.
