GRP

GRP: XR today for its rights cum warrants issue. GRP will issue rights shares at $0.08 apiece on the basis of 3-for-1. These rights will come attached with 1 free detachable warrant, that has an exercise price of $0.08. Assuming full subscription of its rights and full exercise of its warrants (since its in-the-money), the theoretical XR for GRP should be: [$0.35 + ($0.08 * 3) + ($0.08 * 3)] / 7 = $0.1186