Structured Warrants - Final Settlement
20/11/2020Structured Warrants - Final Settlement
| SPSETIA-C27: CW S P SETIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA SHARE") ("SPSETIA-C27") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 20 Nov 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that SPSETIA-C27 expired at 5.00 p.m. on 20 November 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SPSETIA-C27 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SPSETIA-C27 x (RM0.7729 - RM1.33) x (1/2.5)
= Number of SPSETIA-C27 x RM0.0000
The Closing Price of RM0.7729 is the average volume-weighted average price (VWAP) of the SPSETIA Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and SPSETIA-C27 shall become void and cease to have exercise rights and our obligation in respect of SPSETIA-C27 shall terminate absolutely.
This announcement is dated 20 November 2020. |
Announcement Info
| Company Name | SPSETIA-C27: CW S P SETIA BERHAD (AM) |
| Stock Name | SPSETIA-C27 |
| Date Announced | 20 Nov 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-20112020-00008 |
| Corporate Action ID | MY201120EXWA0008 |