Macquarie Bank Limited today announced the launch of the proposed issuance of 80 million European style cash settled call warrants issuance at S$0.242 per warrant relating to the ordinary shares of Singapore-listed palm oil plantation company Indofood Agri Resources Ltd (IndoAgri).
Macquarie Capital Securities (Singapore) Pte Limited has been appointed as the designated market maker and the agent for the warrants.
Each warrant will initially related to one underlying share of IndoAgri. The warrants have an exercice price of S$1.80 and may onle be exercices on November 2 2011.
The market maker will provide competitive buy and sell quotes for the warrants continuously during the trading hours. Indonesia's largest instant noodle maker PT Indofood Sukses Makmur Tbk is the controlling shareholder in IndoAgri with 68.95% shareholding interest.
Indofood Sukses has also a 8.38% direct shareholding in Salim Ivomas Pratama. In turn, IndoAgri controls 90% shareholding in Salim Ivomas Pratama.
First Pacific Company Limited is an investment company of Salim family which is listed at Hong Kong stock market and controls 50.1% shareholding in Indofood Sukses.
Disclosure: No position at the stock mentioned above.
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