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Hi youngbuck
Warrants are, effectively, a call option They give the holder the right to buy the underlying share at a fixed price, but not the obligation. The warrant holder chooses whether and when to exercise and they pay the exercise price at that point to the issuer (TILS in this case). This RNS is confirming that the TILS broker has exercised some warrants that it was issued previously. These were most likely issued in lieu of fees
It’s important to know that whilst a warrants conveys the right to buy a share at a set price, the holder of the warrant does not have any attached entitlements to those shares unless and until they exercise the warrant and pay for them.
This RNS, whilst mandatory, (because it enlarges the total shares in circulation and therefore affects all financial calcs), is no biggie whatsoever as it’s only 34k shares. When NCYT was getting going in March, several million warrants were exercised which the holder then sold into the market. That acted as a real drag on its SP until orders fulfilled. This transaction will barely register on the brokers accounts, let alone TILS’s.
Best regards
Intrepid.
Bluebelly - a warrant does not have any share rights until it is exercised and becomes a share. It is an option to subscribe for a share over a certain timeframe at a pre-agreed price. The proceeds on exercise go to the company.
If outstanding warrants aren't exercised prior to the demerger then the warrant holder will be given an equivalent number of warrants in the demerged company available to exercise on the same terms as the TILS warrants.
It is intended that holders of warrants and options over Tiziana Shares will be granted equivalent instruments in respect of Accustem Shares as a part of the Demerger.
NM = No Message
I was just announcing an RNS was released incase the Red Dot hadn't appeared.
BB
No message.
Repression re: nm I wondered that as well so I googled it and it has 78 different meanings !
sporty not long to go before the split, hoping that the phone in today will update us with the covid trial
Nice to see your back BM03 all ok?
sorry no and i put not
BB not they dont, they dont get dividens or the stock split into stem
Do the warrants carry the same rights if they remain not exercised prior to the demerger cut off date?
Does anyone know how many warrants are outstanding, I will check the FY financial report for the fully diluted figure, it should be there!
BB
expect lots of warrant RNS in the next few days, as these holders will want the Stem shares, nothing to see here.
These warrants would've been issued a long time ago, it's up to the warrant holders to decide when to exercise. Probably should be viewed positively as this way they will be entitled to the StemPrint demerger shares like the rest of us.
This is the company's broker, Optiva, exercising a few warrants that it will have been given in lieu of cash fees in the past. Basic housekeeping by Optiva prior to the demerger. Immaterial financially and tells us nothing new.
Such an insignificant amount but sends the wrong message. Thought we were fully funded!
I have never been so excited and then disappointed in such a short space of time as when I just saw an RNS and then read it hahaha
Someone wanting to make sure they have shares in place ahead of next week? Is this when the fun begins?
What does NM mean please?
NM