Structured Warrants - Final Settlement
06/09/2021Structured Warrants - Final Settlement
| ATAIMS-CB: CW ATA IMS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ATA IMS BERHAD ("ATAIMS") ("ATAIMS-CB") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 06 Sep 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.2537 |
| Payment Date | 15 Sep 2021 |
We wish to announce that ATAIMS-CB had expired at 9.00 a.m. on 6 September 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of ATAIMS-CB exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of ATAIMS-CB exercised x (1/3) x (RM2.6411 - RM1.8800)
= Number of ATAIMS-CB exercised x RM0.2537
The Closing Price of RM2.6411 is the average daily volume weighted average price (VWAP) of the ordinary shares of ATAIMS for the five (5) market days prior to and including the market day immediately before the Expiry Date. The ATAIMS-CB is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 6 September 2021. |
Announcement Info
| Company Name | ATAIMS-CB: CW ATA IMS BERHAD (KIBB) |
| Stock Name | ATAIMS-CB |
| Date Announced | 06 Sep 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-06092021-00002 |
| Corporate Action ID | MY210906EXWA0002 |