Hi Guys...any of you more experienced guys able to offer a quick over view of warrants.
One of my shares HCEG isued warrants the other day. I trade through Selftrade and want to know a few answers

1..How should I get notified of the warrants situation..by Selftrade or by mail to my home address by HCEG?

2. Who do I sell and buy through ?

3..At what price can I take up those warrants?

4..At what date do I have to make that decision by?

5..At what stage am I able to sell any warrants I have bought?

any help gratefully received from you more knowledgeable ones

-- washlander,

Not necessarily - as per Graeme.Alexander's post, you can exercise any time from 30/6/2004; conversely, you can hold to expiry, and still choose not to exercise (eg, if the warrant is underwater, ie if paying the exercise price costs more than buying the share, then you wouldn't exercise)

Exercising is a specific act - you choose to exercise and pay the premium (aka exercise price) in order to receive the designated number of shares. In this case, you would pay 1.5p for each warrant that you wanted to exercise and would get one share in return, with the exercised warrant being cancelled.

You don't have to exercise - you could sell the warrant at any time; you can exercise part and sell part; or you can let them lapse worthless at the end (if the selling value were less than the transaction cost, for example).

Why no more interest?