Structured Warrants - Final Settlement
07/08/2020Structured Warrants - Final Settlement
| PENTA-CN: CW PENTAMASTER CORPORATION BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PENTAMASTER CORPORATION BERHAD ("PENTA") ("PENTA SHARE") ("PENTA-CN") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 07 Aug 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.3175 |
| Payment Date | 18 Aug 2020 |
We wish to announce that PENTA-CN expired at 5.00 p.m. on 7 August 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of PENTA-CN x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of PENTA-CN x (RM4.6031 - RM3.3333) x (1/4)
= Number of PENTA-CN x RM0.3175
The Closing Price of RM4.6031 is the average volume-weighted average price (VWAP) of the PENTA Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 7 August 2020. |
Announcement Info
| Company Name | PENTA-CN: CW PENTAMASTER CORPORATION BERHAD (AM) |
| Stock Name | PENTA-CN |
| Date Announced | 07 Aug 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-07082020-00007 |
| Corporate Action ID | MY200807EXWA0007 |