I bought at 1.19 for 1st tranche & very likely will top up after the private placement To lower down the average cost per share

@vvtan Last date for conversion of warrant to mother share is on 30 December 2017. You may exercise the warrants at any time.

sctan is correct that no warrants will be giving but the exercise price will be adjusting accordingly. Once the exercise price has been adjusted, so do the number of warrants you are holding will be adjusting as I explained earlier.

If you value of conversion as at today is RM1,890 for 1,000 warrants, after the completion of the exercise, it is still value at RM1,890 with lower exercise price. As such, the number of warrants need to be adjusted in order to maintain the value of RM1,890. Hope this answer your query myj88

The warrant will subject to adjustment with lower exercise price.

Say I'm holding 1,000 warrants and the current exercise price is RM1.89, the total value I need to pay is RM1,890 if opt to exercise the warrants into ordinary shares of RM1/- each.

Say the revised exercise price after the Proposed Rights and Bonus Issue is RM1.60 (assuming), then the adjustment on the number of warrants will be as follows:-

RM1,890/RM1.60 - 1,000 = 181 warrants adjustment

Total value of warrants after the completion will be 1,181 x RM1.60 = RM1,889.60 (due to rounding error).