Structured Warrants - Final Settlement
28/06/2021Structured Warrants - Final Settlement
| SPSETIA-C32: CW S P SETIA BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-C32") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Jun 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0304 |
| Payment Date | 07 Jul 2021 |
We wish to announce that SPSETIA-C32 had expired at 9.00 a.m. on 28 June 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of SPSETIA-C32 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of SPSETIA-C32 exercised x (1/3) x (RM1.0911 - RM1.0000)
= Number of SPSETIA-C32 exercised x RM0.0304
The Closing Price of RM1.0911 is the average daily volume weighted average price (VWAP) of the ordinary shares of SPSETIA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SPSETIA-C32 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 28 June 2021. |
Announcement Info
| Company Name | SPSETIA-C32: CW S P SETIA BERHAD (KIBB) |
| Stock Name | SPSETIA-C32 |
| Date Announced | 28 Jun 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28062021-00018 |
| Corporate Action ID | MY210628EXWA0018 |