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On behalf of the Board, M&A Securities is pleased to announce that the Board has resolved to fix the exercise price for the Warrants at RM0.285 per Warrant.
The exercise price of the Warrants represents a discount of approximately 19.31% to the theoretical ex-all price of Mestron Shares of RM0.3532 per Share.
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This taken from announcement mentioned the warrant pice will be at 28.5 cent. Or is there any other way to calculate that?
KUALA LUMPUR, 25th FEBRUARY 2021 – Specialty steel pole manufacturer Mestron Holdings Berhad (“Mestron” or “Group”) ended its financial year ended 31 December 2020 (“FY2020”) with a stronger bottom line performance as its profit before tax (“PBT”) increased by 103.3%, on the back of higher gross profit and lower operating expenditure achieved through the Group’s cost- control measures.
The Group, which expects to benefit from the Government’s push for 5G network convergence, announced today that its PBT has improved to RM8.66 million in FY2020 as compared to RM4.26 million in the corresponding financial year.
