About SMB LEASING PLC

Sudarshen · 1 About SMB LEASING PLC Mon Nov 07, 2011 6:33 pm

Sudarshen

Manager - Equity Analytics

Posts : 126
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Join date : 2011-10-14

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

Slstock · 2 Re: About SMB LEASING PLC Tue Nov 08, 2011 12:34 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13541
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Join date : 2011-01-22

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