Structured Warrants - Final Settlement
28/06/2021Structured Warrants - Final Settlement
SPSETIA-C34: CW S P SETIA BERHAD (RHB) |
Description | RHB INVESTMENT BANK BERHAD ("RHBIB") EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-C34") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 28 Jun 2021 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1152 |
Payment Date | 07 Jul 2021 |
We are pleased to announce that SPSETIA-C34 has expired at 9.00 a.m. on 28 June 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per SPSETIA-C34) (if the said amount is greater than zero). The Settlement Price has been determined at RM 1.0880 being the arithmetic mean of the closing price of SPSETIA 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 SPSETIA-C34 exercised - 0.30% = {(RM 1.0880 - RM 0.8000) / 2.5 } x Number of SPSETIA-C34 exercised - 0.30% = RM 0.1152 x Number of SPSETIA-C34 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 28 June 2021. |
Announcement Info
Company Name | SPSETIA-C34: CW S P SETIA BERHAD (RHB) |
Stock Name | SPSETIA-C34 |
Date Announced | 28 Jun 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-28062021-00022 |
Corporate Action ID | MY210628EXWA0022 |