ValueMax Group Issues Warrants, Expands Share Capital
MAINBOARD-LISTED pawnbroking chain ValueMax Group issued 233,436 warrants at the exercise price of S$0.36 each on Friday (Jan 17).
Warrant Exercise Details
The issue price was at a 20 per cent discount to the counter’s closing price of S$0.45 on the day.
Impact on Share Capital
This brings ValueMax’ ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury shares.
New Shares Listing
The new shares will be listed and quoted on the Singapore Exchange on Jan 21.
Outstanding Warrants
With this warrant exercise, ValueMax’s outstanding warrants, each with an exercise price of S$0.36, stood at 79.4 million.
Expiration Date
They expire at 5pm on Sep 14, 2026, the group said.
Share Price Movement
Shares of ValueMax closed Friday flat at S$0.45, before the announcement.
Conclusion
ValueMax Group’s warrant exercise aims to expand its share capital, with the new shares set to be listed on the Singapore Exchange on January 21. The outstanding warrants will expire on September 14, 2026.
FAQs
Q: How many warrants did ValueMax Group issue?
A: ValueMax Group issued 233,436 warrants.
Q: What is the exercise price of the warrants?
A: The exercise price of the warrants is S$0.36 each.
Q: When do the outstanding warrants expire?
A: The outstanding warrants expire at 5pm on September 14, 2026.
Q: What is the impact of the warrant exercise on ValueMax Group’s share capital?
A: The warrant exercise brings ValueMax Group’s ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury shares.
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