Structured Warrants - Final Settlement
22/03/2021Structured Warrants - Final Settlement
| QL-CS: CW QL RESOURCES BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF QL RESOURCES BERHAD ("QL") ("QL SHARE") ("QL-CS") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Mar 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that QL-CS expired at 5.00 p.m. on 22 March 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of QL-CS x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of QL-CS x (RM6.0879 - RM6.6667) x (1/10.0000)
= Number of QL-CS x RM0.0000
The Closing Price of RM6.0879 is the average volume-weighted average price (VWAP) of the QL Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and QL-CS shall become void and cease to have exercise rights and our obligation in respect of QL-CS shall terminate absolutely.
This announcement is dated 22 March 2021. |
Announcement Info
| Company Name | QL-CS: CW QL RESOURCES BERHAD (AM) |
| Stock Name | QL-CS |
| Date Announced | 22 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22032021-00013 |
| Corporate Action ID | MY210322EXWA0013 |