Structured Warrants - Final Settlement
30/08/2021Structured Warrants - Final Settlement
| KOSSAN-HD: PW KOSSAN RUBBER INDUSTRIES BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER ORDINARY SHARES OF KOSSAN RUBBER INDUSTRIES BERHAD ("KOSSAN") ("KOSSAN-HD") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Aug 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0360 |
| Payment Date | 09 Sep 2021 |
Announcement Details:
We wish to announce that KOSSAN-HD had expired at 9.00 a.m. on 30 August 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of KOSSAN-HD exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price)
= Number of KOSSAN-HD exercised x (1/19.5745) x (RM3.7974 - RM3.0923)
= Number of KOSSAN-HD exercised x RM0.0360
The Closing Price of RM3.0923 is the is the average daily volume weighted average price (VWAP) of the ordinary shares of KOSSAN for the five (5) market days prior to and including the market day immediately before the Expiry Date. The KOSSAN-HD 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 30 August 2021. |
Announcement Info
| Company Name | KOSSAN-HD: PW KOSSAN RUBBER INDUSTRIES BERHAD (KIBB) |
| Stock Name | KOSSAN-HD |
| Date Announced | 30 Aug 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30082021-00018 |
| Corporate Action ID | MY210830EXWA0018 |