can anyone explain detail for what is right issue

poohboy: thanks for details explain

poohboy: as you mention before right issue 2.10, so if i want to change to mother share after 2years, is it need pay extra for 0.73 for the convertion for mothershare?

poohboy: so mean that after pay for rm1 for ICULS, wait after 2years till 5 years(automatic change to mothershare) so mean that i get a mothershare for paying rm1 for price now 2.12(example for price today). is that your mean?

pradeep: the annoucement made :The ICULS shall be issued at 100% of the nominal value of RM1.00 per ICULS. The Board has fixed the conversion price of the ICULS at RM1.00 per new TGIB Share. The issue price and conversion price of RM1.00 has been arrived at after taking into consideration the following: (i) the five (5)-day Volume Weighted Average Market Price (“VWAMP”) of TGIB Shares up to and including the LPD;
(ii) the conversion price of the ICULS shall not be lower than RM1.00, being the par value of TGIB Shares; and
(iii) the funding requirements of TGIB and its subsidiaries (“TGIB Group” or “Group”) as set out in Section 2.6 of this announcement.
The conversion price of RM1.00 per ICULS represents a discount of approximately RM1.18 or 54.13% to the five (5)-day VWAMP of TGIB Shares up to and including the LPD of RM2.18.

what i understand in the annoucement is that conversion need to pay another RM1.00?

pradeep: so that mean after 2years i get mothershare from the ICULS without any payment? and how the interest payment (5%pa for 5 years)? if after 5years i get the interest and plus a mothershare am i right?

mean i got 2x1000 mothershare i had to pay RM1x1000 for the ICULS(5%p.a for 5years) and get a free warrant,
and after 5 years i need to pay another RM1x1000 for the conversion for mothershare? so mean i total pay rm2x1000 for mothershare.
am i mistaken? please correct me