KIS Vietnam Securities Corporation announces the adjustment of covered warrant as follows:
- Issuer: KIS Vietnam Securities Corporation
- Security type: covered warrant
- Warrant name: Warrant.TPB.KIS.M.CA.T.03
- Warrant code: CTPB2302
- Issuer of the underlying security: Tien Phong Commercial Joint Stock Bank
- Underlying security code: TPB
- Warrant type (call/put): call
- Warrant style: European-style
- Payment method for exercise of warrants: in cash
- Duration: 04 months
- Expiration date: October 02, 2023
- Adjusting date: June 09, 2023
- Reason for adjustment: Tien Phong Commercial Joint Stock Bank issues shares to raise capital from the owner’s equity according to Announcement No.1017/TB-SGDHCM dated June 05, 2023.
|
Old strike price
|
(1)
|
19,777 dongs
|
|
Old conversion ratio
|
(2)
|
10:1
|
|
Unadjusted reference price of underlying securities at ex-right date
|
(3)
|
25,600 dongs
|
|
Adjusted reference price of underlying securities at ex-right date
|
(4)
|
18,400 dongs
|
|
New strike price
|
(5) = (1) x [(4)/(3)]
|
14,215 dongs
|
|
New conversion ratio
|
(6) = (2) x [(4)/(3)]
|
7.1875:1
|