24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares

opfdo · 1 COCO right issue & SD Fri Oct 12, 2012 5:21 pm

opfdo

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http://www.cse.lk/cmt/upload_cse_announcements/4201350040741_.pdf

Redbulls

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12-Oct-2012 COCO LANKA - RIGHTS ISSUE

COCO LANKA PLC
Company ID:- COCO
Proportion:- Five (05) new ordinary shares for every four (04) existing ordinary voting shares & Five (05) new ordinary non-voting shares for every four (04) existing non-voting shares held
Issue Price:- Voting - Rs. 35.00
Non-Voting - Rs. 28.00
Dates to be notified

12-Oct-2012 COCO LANKA - SUB DIVISION OF SHARES (SUBSEQUENT TO THE RIGHTS ISSUE)

COCO LANKA PLC
Company ID: - COCO
Proportion: - One (01) existing share post Rights Issue will be Sub-Divided to Two (02) Shares
The Sub-Division of shares is subject to shareholder approval at a General Meeting.

ccsentha

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What does this mean for coc in terms of long term future? what about their rebranding and new subsidiary RCL? they ar gonna focus only on B&W....

hariesha

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COCO has grown to an unbelievable level during last three years. I think management is capable of doubling the value of COCO withing next two years. They are expanding so rapidly.

Slstock

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I though RHL held 61+% of Shaw Wallace. Wonder what happened to other 2%? Coco purchase 59+%

trader911

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correct me if i m wrong with the split wat it means is invester can avg its cost without subscribing for rights because he can double his share thru subdivision.so its a winwin situation...

Redbulls wrote:12-Oct-2012 COCO LANKA - RIGHTS ISSUE

COCO LANKA PLC
Company ID:- COCO
Proportion:- Five (05) new ordinary shares for every four (04) existing ordinary voting shares & Five (05) new ordinary non-voting shares for every four (04) existing non-voting shares held
Issue Price:- Voting - Rs. 35.00
Non-Voting - Rs. 28.00
Dates to be notified

12-Oct-2012 COCO LANKA - SUB DIVISION OF SHARES (SUBSEQUENT TO THE RIGHTS ISSUE)

COCO LANKA PLC
Company ID: - COCO
Proportion: - One (01) existing share post Rights Issue will be Sub-Divided to Two (02) Shares
The Sub-Division of shares is subject to shareholder approval at a General Meeting.

Slstock

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First you subscribed to rights. After subscription finished the split will happen.

trader911 wrote:correct me if i m wrong with the split wat it means is invester can avg its cost without subscribing for rights because he can double his share thru subdivision.so its a winwin situation...

Redbulls wrote:12-Oct-2012 COCO LANKA - RIGHTS ISSUE

COCO LANKA PLC
Company ID:- COCO
Proportion:- Five (05) new ordinary shares for every four (04) existing ordinary voting shares & Five (05) new ordinary non-voting shares for every four (04) existing non-voting shares held
Issue Price:- Voting - Rs. 35.00
Non-Voting - Rs. 28.00
Dates to be notified

12-Oct-2012 COCO LANKA - SUB DIVISION OF SHARES (SUBSEQUENT TO THE RIGHTS ISSUE)

COCO LANKA PLC
Company ID: - COCO
Proportion: - One (01) existing share post Rights Issue will be Sub-Divided to Two (02) Shares
The Sub-Division of shares is subject to shareholder approval at a General Meeting.

isotck

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[quote="trader911"]correct me if i m wrong with the split wat it means is invester can avg its cost without subscribing for rights because he can double his share thru subdivision.so its a winwin situation...

Your existing shareholding would still be doubled even if you do not subscribe to rights. Avg cost will therefore come down but so will the market price (first after XR then after split).

Take time to think about whether or not you are going to subscribe to the rights issue, as rights are priced low, market price may go below your cost, post split, if you do not subscribe to rights.

The Alchemist

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slstock wrote:I though RHL held 61+% of Shaw Wallace. Wonder what happened to other 2%? Coco purchase 59+%

http://www.cse.lk/cmt/uploadAnnounceFiles/9471300272838_821.pdf

On 16th March 2011, RHL acquired 61.78 % of Shaw Wallace Marketing Ltd for Rs 368 Mill. Also Simultaneously, Shaw Wallace Marketing Ltd acquired Pioneer Warehousing Limited (which owns wharehousing space) for further Rs 600 Million for which RHL advanced Funds. Then, I think, RHL has combined / packaged these two companies and formed company called Shaw Wallace Ceylon Limited (SWCL). RHL is now selling 59.76 % of SWCL for Rs 407 Million to a newly formed subsidiary of COCO called Renuka Consumer Foods Limited (RCL). In future, COCO will have two subsidiaries viz RAL and RCL
COCO will henceforth be called Renuka Shaw Wallace Plc.

sriranga

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RIGHTS ISSUE - COCO LANKA PLC

Company ID: - COCO (Voting and Non-voting)
Date of Initial Announcement: - 12.Oct.2012
Proportion: - Five (05) new ordinary shares for every four (04) existing ordinary voting shares
Five (05) new ordinary non-voting shares for every four (04) existing non-voting shares held
Issue Price: - Voting - Rs. 35.00 / Non-Voting - Rs. 28.00
Qty Offered: - Voting - 27,000,000 / Non-Voting - 2,250,000
General Meeting / Provisional Allotment: - 16.Nov.2012
Date EX: - 19.Nov.2012
Dispatch of Provisional Letter of Allotment: - 22.Nov.2012
Rights Trading Commences on: - 29.Nov.2012
Renunciation: - 06.Dec.2012
Last Date of Acceptance & Payment: - 07.Dec.2012
Share Transfer Book Open

SUB DIVISION OF SHARES - COCO LANKA PLC

Company ID: - COCO (Voting and Non-voting)
Date of EGM: - 16.Nov.2012
Sub Division based on the shareholding as at end of trading on: - 03.Jan.2013
Period of Dealing Suspension (Both days inclusive): - 04.Jan.2013 to 08.Jan.2013
Date of commencement of trading: - 09. Jan.2013

Antonym

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What is COCO.R0001 (Rs 0.90) and COCO.R0000 (Rs 0.40)?

Can anyone confirm which one is for the Voting share, and which is for the Non-voting share?

smallville

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Since the proportionate is same, R1 seems to be the N

sanju351

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smallville wrote:Since the proportionate is same, R1 seems to be the N

I think it is the other way COCO R IS Voting Rights & COCO R 1 is non voting rights

K.Haputantri

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sanju351 wrote:

smallville wrote:Since the proportionate is same, R1 seems to be the N

I think it is the other way COCO R IS Voting Rights & COCO R 1 is non voting rights

This is what my advisor also told me. Any way, its strange when N rights is trading at a lesser price (more than 50% less). ?Any one who can explain this unusual trend.

sanju351

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K.Haputantri wrote:

sanju351 wrote:

smallville wrote:Since the proportionate is same, R1 seems to be the N

I think it is the other way COCO R IS Voting Rights & COCO R 1 is non voting rights

This is what my advisor also told me. Any way, its strange when N rights is trading at a lesser price (more than 50% less). ?Any one who can explain this unusual trend.

Thats because of the quantity COCO X is very less an COCO N amount is huge ..

But Parent may buy more COCO R .in coimng days ..as MASK went to LKR 2 Level these R may Rise in coming days ..

The Trend is same as MAL N & MAL X

K.Haputantri

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Thanks Sanju for your info.

Antonym

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It's not really unusual.

In addition to what you have to pay for the Rights,
You have to pay Rs 35 to get the Voting share.
You have to pay Rs 28 to get the Non-voting share.

So, based only on the Rights closing prices, the market is valuing
COCO.N at (Rs 35 + Rs 0.30 =) Rs 35.30
COCO.X at (Rs 28 + Rs 1.00 =) Rs 29.00

K.Haputantri

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Its better to buy from market as todays closing price for is Rs:34.40. ?Why go after rights.

Antonym

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K.Haputantri wrote:Its better to buy from market as todays closing price for is Rs:34.40. ?Why go after rights.

@Haputantri: Exactly; I noticed that too.
I expect that both COCO.R & COCO.R1 will be available at Rs 0.10 in the next few days.

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24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares

1 COCO right issue & SD Fri Oct 12, 2012 5:21 pm

opfdo

2 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Fri Oct 12, 2012 6:31 pm

Redbulls

3 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Fri Oct 12, 2012 7:11 pm

ccsentha

4 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Fri Oct 12, 2012 10:24 pm

hariesha

5 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Sat Oct 13, 2012 5:29 am

Slstock

6 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Sat Oct 13, 2012 9:34 am

trader911

7 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Sat Oct 13, 2012 12:11 pm

Slstock

8 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Sun Oct 14, 2012 12:02 pm

isotck

9 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Sun Oct 14, 2012 7:22 pm

The Alchemist

10 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Wed Oct 24, 2012 1:54 pm

sriranga

11 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 12:55 pm

Antonym

12 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 1:42 pm

smallville

13 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:20 pm

sanju351

14 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:25 pm

K.Haputantri

15 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:31 pm

sanju351

16 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:40 pm

K.Haputantri

17 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:42 pm

Antonym

18 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 4:50 pm

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19 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares Thu Nov 29, 2012 5:13 pm

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20 Re: 24-Oct-2012 Coco Lanka - Rights Issue & Sub Division of Shares

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