SIA Rights Shares and Rights MCBs Walkthrough and Explanation

Описание к видео SIA Rights Shares and Rights MCBs Walkthrough and Explanation

SIA is raising money to tide through this cash crunch as there's a massive loss of business due to COVID-19.

We understand the deal is complex and we try to explain it that is simple enough for the layman to understand it.

Summary of important details in the video:

Renounceable Rights Shares
Issue price of S$3.00
Three (3) Rights Shares for every two (2) existing ordinary shares
Name: SIA R
Symbol: LRDR
Start trading: 13 May 2020 from 9.00 a.m.
Last trading: 21 May 2020 at 5.00 p.m
Exercise rights by: 28 May 2020 at 5.00 p.m.
Theoretical ex-rights price1 (“TERP”), of S$4.40 per Share

Renounceable Rights MCBs
Issue price of $1.00
295 Rights MCBs for every 100 existing Shares
Name: SIA MCB R
Symbol: GANR
Start trading: 13 May 2020 from 9.00 a.m.
Last trading: 21 May 2020 at 5.00 p.m
Exercise rights by: 28 May 2020 at 5.00 p.m.
Zero-coupon bond yielding at 4-6% depending on when it is redeemed
Callable every 6 months
Value of bond at maturity at S$1,806.11, based on $1,000 principal
Conversion of S$4.84 per Share, no cash.

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