We are pleased to announce that PCHEM-C51 has expired at 9.00 a.m. on 24 December 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per PCHEM-C51) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 7.5340 being the arithmetic mean of the closing price of PCHEM 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 PCHEM-C51 exercised - 0.30%
= {(RM 7.5340 - RM 5.8000) / 6.5 } x Number of PCHEM-C51 exercised - 0.30%
= RM 0.2668 x Number of PCHEM-C51 exercised - 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.


This announcement is dated 24 December 2020.