Nearly 15% of SFC2 of Shenzhen Development Bank has not been exercised on the final exercise date
http://www.sina.com.cn 02:20, June 27, 2008 Sina Finance
Sina Finance News today is the last exercise date of SFC2 warrants issued by Shenzhen Stock Exchange (securities code: 031004). If investors still do not exercise before 3:00 p.m., the warrants will be cancelled. SFC2 terminated the transaction from June 23 (Monday), with the duration from June 29, 2007 to June 27, 2008.
According to the announcement of Shenzhen Development A, the exercise price of the "Shenzhen Development SFC2" warrant is 19.00 yuan. For each "Shenzhen Development SFC2" warrant held by an investor, the investor has the right to purchase one share of "Shenzhen Development A" at a price of 19.00 yuan during the exercise period. As of June 26, Shenzhen Development A closed at 21.6 yuan. If calculated at this price, investors can obtain 2.6 yuan of income per warrant when exercising.
In addition, according to the preliminary statistics of relevant parties, as of June 26, 2008, 88.33 million SFC2 warrants had been exercised, accounting for 85% of the total warrants issued. (Xiaolang)
