EN Our Company Our Products Recycling Sustainability Investor Relations News & Media Careers Contact Us Home Investor Relations Warrant Holder Center FAQ FAQ Indorama Ventures - W1 & W2 What has changed since Capital Day in January 2014 to make IVL require new equity? Are the new projects consistent with IVL’s three-pronged strategy? What is a Warrant? What is the objective of the Warrant Issuance? Why issue warrants instead of raising equity immediately? Why is IVL issuing a Warrant RO, not a regular stock RO? Why is IVL conducting a Rights Offering, not a Public Offering or Private Placement? Structure of Warrant Issues Why is IVL launching two separate issues? Why not combine the issues? Why are the Warrants launched at the same time? Why not IVL-W1 first and then IVL-W2 later? Why doesn’t IVL wait until it is virtually certain that new projects will materialize before issuing Warrants or issuing the RO shares? Why is the 1st exercise date (for IVL-W1) so close to the issue date? Will the warrant be in-the-money by then? What criteria did IVL apply to set the exercise prices and exercise periods? Why is the allocation ratio set at 10 ordinary shares to 1 warrant (10:1) for IVL-W1 and at 13 ordinary shares to 1 warrant (13:1) for IVL-W2? What is the tentative schedule of the transaction? Warrants: Equity Needs Does IVL have a target Debt to Equity level? Can you please provide a breakdown of the Use of Proceeds? What is the estimated CAPEX for “New Opportunities in addition to Plan 2018”? How is this number estimated, especially for M&A opportunities? Is the warrant sufficient for such CAPEX? If it turns out IVL receives insufficient equity proceeds as a result of some warrant holders not exercising their rights, what is the alternative financing for the future projects? If the Warrants are in-the-money by the first exercise period and not enough Warrant holders exercise their rights, how will IVL raise enough money to cover equity needs? What are Perpetual Bonds? In the situation where only some of the “New Opportunities in addition to Plan 2018” materialize but are enough for IVL’s stock price to become in-the-money, what is IVL’s plan for the use of excess proceeds? Warrants: Dilution Effects What is the maximum control dilution? What is the maximum price dilution? Will major shareholders subscribe to the warrants? News Subscription Keep yourself up to date with all the latest announcements from the company. Subscribe Privacy Policy Cookies Policy 2021 Copyright @ Indorama Ventures Public Company Limited. All Rights Reserved. Follow us on: Sitemap