We are pleased to announce that MAGNI-CA have expired at 9.00 a.m. on 24 September 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per MAGNI-CA) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 2.1620 being the arithmetic mean of the closing price of MAGNI 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 MAGNI-CA exercised - 0.30%
= {(RM 2.1620 - RM 2.8000) / 3.5 } x Number of MAGNI-CA exercised - 0.30%
= RM 0.0000 x Number of MAGNI-CA 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 24 September 2020.