Options Conversion Summary in AGMAC
Options can be converted to shares following the below procedures.
1. | Login to your shareholder account. | ||||||||||||
2. | Go to “Convert Options to Shares” and key in the number of Options that you intend to convert to shares. | ||||||||||||
3. | Upon confirmation, a Client Trust account will be designated for you to execute your payment. | ||||||||||||
4. | Make the payment to the designated Client Trust account as soon as possible. May sure to include 50 – 100 USD extra for bank charges. | ||||||||||||
5. | Payment has to be received within 14 days from application date, or else application will be closed. Shareholder will need to make a new application (possibly at a different exercise price) once an application is closed. | ||||||||||||
6. | Once payment received, we will convert your Options to AGMAC common shares. | ||||||||||||
Options Frequently Asked Questions: | |||||||||||||
1. | What is an Option? An Option in AGMAC is a result of Convertible Preferred Shares (CPS) – GOLD conversion. Each 1000 CPS-GOLD is been converted to become 1 AGMAC share plus 1,000 Options. |
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2. | How can a shareholder exercise his/her Option? By paying 50% of price difference between current AGMAC NAV per share minus USD1.70 (closing price for CPS-GOLD) For example:
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3. | Are Options and shares freely transferable among shareholders? Yes, there is a window of 5-7 working days before the administrator will approve your request pending any objection. |
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4. | Can I exercise partial of my allocated Options? Yes, minimum Option conversion is 1000 units. |
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5. | What will happen if I did not exercise all or part of my Options by the time AGMAC is listed? A final decision has yet been made. Options may be extended post-listing or Options holders may be qualified for “Voluntary Asset Distribution” for non-listed asset of the company by the time AGMAC is listed. |
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6. | Can Options and/or Share be sold to a 3rd party? No, AGMAC is a Closed-End fund; therefore Shares and Options cannot be sold to any 3rd party but can be transferred to another shareholder. |
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7. | When can I start to exercise my Options? Options may be converted by shareholders to common AGMAC shares effective January 2013. |
1 comment:
Hi all, we got our physical listed share.
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