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Sri Lanka Equity Forum » Stock Market Talk » About SMB LEASING PLC

About SMB LEASING PLC

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1About SMB LEASING PLC Empty About SMB LEASING PLC on Mon Nov 07, 2011 6:33 pm

Sudarshen


Manager - Equity Analytics
Manager - Equity Analytics
Hi Gents,
Anyone can please tell me why the company has different symbols,
- SEMB.W0016
- SEMB.W0015
- SEMB.X0000
- SEMB.N0000

I heard "W" means warrants, what is the meaning of that ?
What would be the future of these shares ?

Thanks

2About SMB LEASING PLC Empty Re: About SMB LEASING PLC on Tue Nov 08, 2011 12:34 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Sudarshen wrote:Hi Gents,
Anyone can please tell me why the company has different symbols,
- SEMB.W0016
- SEMB.W0015
- SEMB.X0000
- SEMB.N0000

I heard "W" means warrants, what is the meaning of that ?
What would be the future of these shares ?

Thanks


Warrant is like a right to buy shares of a company at a predefined price in the future. Rights usually have shorter times to exercise once announced. ( ex months) Warrant usually have longer durations ( 1 year or more) to exercise. When warants are announced issued managment usually says what the future exercise price to convert to full share.

For example: to covert to full share
semb.w15 to semb.n : you will need to pay 1 Rs this december ( the deadline specified by management)
semb.16 to semb.x : need to pay Rs 0.8

semb.x is Non Voting
semb.n is Voting
shares

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