MBM Resources Berhad is issuing:
i) 3 bonus shares for every 10 existing shares held
ii) 3 rights shares at RM1.42/ share for every 10 existing shares held
iii) 3 free warrants for every 10 existing shares held
All the above go ex on 21 May 2012.
For the avoidance of doubt, the bonus shares to be issued pursuant to the proposed bonus issue will not be taken into account in determining the rights shares and with warrants to be issued to the entitled shareholders
How to calculate the TEAP?
Say based on the closing price of RM 5.24 on 4 May 2012, the TEAP would be RM 3.48 (round down)
The share price given in the announcement dated 2 May 2012 was RM 4.96, so the TEAP given was RM3.33