ValueMax issues 233,436 warrants at S$0.36 apiece
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MAINBOARD-LISTED pawnbroking chain ValueMax Group issued 233,436 warrants at the exercise price of S$0.36 each on Friday (Jan 17).
The issue price was at a 20 per cent discount to the counter’s closing price of S$0.45 on the day.
This brings ValueMax’s ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury shares.
The new shares will be listed and quoted on the Singapore Exchange on Jan 21.
With this warrant exercise, ValueMax’s outstanding warrants, each with an exercise price of S$0.36, stood at 79.4 million.
They expire at 5 pm on Sep 14, 2026, the group said.
Shares of ValueMax closed Friday flat at S$0.45, before the announcement.
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