Pensonic fixes price for rights warrants

KUALA LUMPUR: Pensonic Holdings Bhd has fixed the price of the renounceable rights issue of 64.834 million warrants at 10 sen per rights warrant.

It said on Monday it was on the basis of one rights warrant for every two 50 sen shares held after the bonus issue.

Pensonic said the exercise price of the rights warrants was fixed at 60 sen per warrant.

This was 8.07% above the theoretical ex-bonus price of Pensonic shares of 55.52 sen based on the five-day volume weighted average price of Pensonic shares of 77.73 sen.

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