We are pleased to announce that TSH-CO have expired at 9.00 a.m. on 28 July 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per TSH-CO) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 1.0500 being the arithmetic mean of the closing price of TSH 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 TSH-CO exercised - 0.30%
= {(RM 1.0500 - RM 1.1500) / 4 } x Number of TSH-CO exercised - 0.30%
= RM 0.0000 x Number of TSH-CO exercised - 0.30%

As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.


This announcement is dated 28 July 2021.