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TCS Corporate Exercise (Rights Issue)
Rights Issue = Company wants extra cash, issue extra shares and sell to you
Ratio: 2 rights for every 5 unit of TCS
Ex-Date: 28/05/2024
List Date: 30/05/2024
Last Date: 06/06/2024
Exercise Price: RM0.120
After ex-date, you will receive TCS-OR, it’s the right issue shares, you may sell or hold and pay to subscribe the right issue
Options:
1) Dont want right issue? Sell before EX-DATE
2) Dont want sell? You will get TCS-OR
3) Dont want pay extra money? Sell TCS-OR on first day MORNING
4) Want to subscribe? After last day, pay EXERCISE PRICE to subscribe