Structured Warrants - Final Settlement
27/05/2021Structured Warrants - Final Settlement
| EKOVEST-C18: CW EKOVEST BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF EKOVEST BERHAD ("EKOVEST") ("EKOVEST-C18") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 May 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that EKOVEST-C18 have expired at 9.00 a.m. on 27 May 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per EKOVEST-C18) (if the said amount is greater than zero).
The Settlement Price has been determined at RM0.4230 being the arithmetic mean of the closing price of EKOVEST 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 EKOVEST-C18 exercised - 0.30%
= {(RM0.4230 - RM0.7000) / 3 } x Number of EKOVEST-C18 exercised - 0.30%
= RM0.0000 x Number of EKOVEST-C18 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 27 May 2021. |
Announcement Info
| Company Name | EKOVEST-C18: CW EKOVEST BERHAD (RHB) |
| Stock Name | EKOVEST-C18 |
| Date Announced | 27 May 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27052021-00012 |
| Corporate Action ID | MY210527EXWA0012 |