Content extracted from http://wealthbuch.blogspot.sg
Find out who your warrant agent is from
Call your warrant agent up. The phone
number is listed on the website above.
You will need to get them to send you
the exercise notice form. Give them your address, and they will mail it to you
Apply for a cashier's order
from your bank. The amount on the cashier's order is equal to the value of the
warrants to be converted. Cashier's orders can be ordered using internet-banking
for free. I went with DBS. However, the cashier's order from internet banking
can only be collected at a few branches. Do check out with branches are
available before applying.
A $5 surcharge is chargeable if it is applied
at the bank itself and not through internet banking.
Fill up the exercise notice form when you receive it, which will
include your name, address, securities account number, and the number of
warrants to be converted.
envelope, and put your completed exercise notice form, together with your
cashier's order into the envelope. Although it is mentioned in the CDP website
that your latest account statement is needed, in actual fact, it is not. You do
not need to send it to the warrant agent. However, this is my information from
calling up the warrant agent for Saizen Reit. It would be prudent to confirm
with your warrant agent.
stamp and send your exercise notice!
There you have it.
The day the warrant agent receive your notice is the
Lodgement date. The warrant agent can decide whether to list your shares at the
Lodgement date or the following working day.
Once it is listed, your CDP
account will be debited of the warrants, and credited with the new shares. The
company will also announce on SGX website the number of warrants converted
(without names of course).
You can also find out how to exercise your warrants from here: