YTL continues to reward long-term shareholders

YTL Group said the exercise price to convert the warrant into mother shares will be set at a discount to the prevailing share price.

PETALING JAYA: YTL Corp Bhd and its subsidiary, YTL Power International Bhd, have proposed free warrants for shareholders that could raise up to RM7.5bil cumulatively, assuming full conversion.

Cash raised from the conversions will be partly used by respective companies to fund business expansion and to pare down debt. According to a statement by YTL Group yesterday, one free warrant will be issued for every five ordinary shares held.