Structured Warrants - Final Settlement
28/07/2021Structured Warrants - Final Settlement
| RUBEREX-CC: CW RUBBEREX CORPORATION (M) BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF RUBBEREX CORPORATION (M) BERHAD ("RUBEREX") ("RUBEREX-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Jul 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that RUBEREX-CC have expired at 9.00 a.m. on 28 July 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per RUBEREX-CC) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 0.9270 being the arithmetic mean of the closing price of RUBEREX Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of RUBEREX-CC exercised - 0.30%
= {(RM 0.9270 - RM 2.8800) / 14 } x Number of RUBEREX-CC exercised - 0.30%
= RM 0.0000 x Number of RUBEREX-CC exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 28 July 2021. |
Announcement Info
| Company Name | RUBEREX-CC: CW RUBBEREX CORPORATION (M) BERHAD (RHB) |
| Stock Name | RUBEREX-CC |
| Date Announced | 28 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28072021-00007 |
| Corporate Action ID | MY210728EXWA0007 |