Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (33187)	11/25/1999 11:27:00 AM
From: Dotty	Read Replies (2) \| Respond to of 108040

ICAB-Shares Outstanding: 1,960,000,000-that's a lot a shares i-Cable says over-allotment option exercised HONG KONG, Nov 25 (Reuters) - Pay television operator i-Cable Communications Ltd <ICAB.O> said an over-allotment option in its initial public offering had been exercised on Thursday and an additional 2.7 million American Depositary Shares (ADS) would be issued. The company said in a statement that Merrill Lynch Far East Ltd had exercised the over-allotment option in full, requiring i-Cable to issue the 2.7 million additional ADS, representing 54 million shares to cover the over-allotments under the U.S. offering. The additional shares represent about 2.76 percent of the existing issued share capital of the company and about 2.68 percent of the enlarged issued share capital of the company, it said. The additional shares had been issued at US$27 per ADS, it added. 07:20 11-25-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.