Macquarie Bank to issue 80m cash-settled warrants

The issue price of each warrant is S$0.208.

Macquarie Bank Limited announced the launch of the proposed issuance of 80 million European style cash settled call warrants relating to the ordinary shares of Global Logistic Properties Limited.

Macquarie Capital Securities (Singapore) Pte. Limited has been appointed as the designated market-maker and the warrant agent for the warrants.

The warrants are cash-settled warrants which entitle a warrantholder to be paid a cash settlement amount in accordance with the terms and conditions of the warrants.

Every five warrants will initially relate to one underlying share.

The warrants have an exercise price of S$2.90 and may only be exercised on 3 June 2013.