Structured Warrants - Final Settlement
12/03/2021Structured Warrants - Final Settlement
| KOSSAN-C9: CW KOSSAN RUBBER INDUSTRIES BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KOSSAN RUBBER INDUSTRIES BERHAD ("KOSSAN") ("KOSSAN SHARE") ("KOSSAN-C9") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 12 Mar 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that KOSSAN-C9 expired at 5.00 p.m. on 12 March 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of KOSSAN-C9 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KOSSAN-C9 x (RM3.7354 - RM4.8936) x (1/5.8723)
= Number of KOSSAN-C9 x RM0.0000
The Closing Price of RM3.7354 is the average volume-weighted average price (VWAP) of the KOSSAN 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 KOSSAN-C9 shall become void and cease to have exercise rights and our obligation in respect of KOSSAN-C9 shall terminate absolutely.
This announcement is dated 12 March 2021. |
Announcement Info
| Company Name | KOSSAN-C9: CW KOSSAN RUBBER INDUSTRIES BERHAD (AM) |
| Stock Name | KOSSAN-C9 |
| Date Announced | 12 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-12032021-00001 |
| Corporate Action ID | MY210312EXWA0001 |