Structured Warrants - Final Settlement
19/06/2020Structured Warrants - Final Settlement
| PENTA-CM: CW PENTAMASTER CORPORATION BERHAD (MACQ) |
| Description | MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD. ("MACQ")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PENTAMASTER CORPORATION BERHAD ("PENTA") ("PENTA-CM") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 19 Jun 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that the PENTA-CM have expired at 5.00 p.m. on 19 June 2020 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:
Cash Settlement Amount
= Number of Structured Warrants X (Settlement Price - Exercise Price) X (1/Exercise Ratio)
= Number of Structured Warrants X (RM 4.8180 - RM 5.2800) X (1/3.0000)
= Number of Structured Warrants X RM 0.0000
The Settlement Price has been determined at RM 4.8180, being the average closing price of the PENTA Shares on Bursa Malaysia Securities Berhad for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative. Warrantholders will not be entitled to receive any payment of the Cash Settlement Amount.
Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus.
This announcement is dated 19 June 2020. |
Announcement Info
| Company Name | PENTA-CM: CW PENTAMASTER CORPORATION BERHAD (MACQ) |
| Stock Name | PENTA-CM |
| Date Announced | 19 Jun 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-19062020-00022 |
| Corporate Action ID | MY200619EXWA0022 |