Structured Warrants - Final Settlement
06/09/2021Structured Warrants - Final Settlement
TSH-CN: CW TSH RESOURCES BERHAD (KIBB) |
Description | KENANGA INVESTMENT BANK BERHAD ("KIBB") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TSH RESOURCES BERHAD ("TSH") ("TSH-CN") |
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 | Out of the Money/At the Money |
We wish to announce that TSH-CN 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 TSH-CN exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) = Number of TSH-CN exercised x (1/2) x (RM1.1032 - RM1.3000) = Number of TSH-CN exercised x RM0.0000 The Closing Price of RM1.1032 is the average daily volume weighted average price (VWAP) of the ordinary shares of TSH for the five (5) market days prior to and including the market day immediately before the Expiry Date. The TSH-CN is deemed to have been automatically exercised on the Expiry Date. As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised TSH-CN will cease to be valid and all our obligations in respect to TSH-CN shall terminate absolutely. This announcement is dated 6 September 2021. |
Announcement Info
Company Name | TSH-CN: CW TSH RESOURCES BERHAD (KIBB) |
Stock Name | TSH-CN |
Date Announced | 06 Sep 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-06092021-00011 |
Corporate Action ID | MY210906EXWA0011 |