Structured Warrants - Final Settlement
07/12/2020Structured Warrants - Final Settlement
| VS-C27: CW V.S. INDUSTRY BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD (''KIBB'')
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF V.S. INDUSTRY BERHAD (''VS'') (''VS-C27'') |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 07 Dec 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.5060 |
| Payment Date | 16 Dec 2020 |
We wish to announce that VS-C27 had expired at 9.00 a.m. on 7 December 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of VS-C27 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of VS-C27 exercised x (1/2.5) x (RM2.5650 - RM1.3000)
= Number of VS-C27 exercised x RM0.5060
The Closing Price of RM2.5650 is the average daily volume weighted average price (VWAP) of the ordinary shares of VS for the five (5) market days prior to and including the market day immediately before the Expiry Date. The VS-C27 is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 7 December 2020. |
Announcement Info
| Company Name | VS-C27: CW V.S. INDUSTRY BERHAD (KIBB) |
| Stock Name | VS-C27 |
| Date Announced | 07 Dec 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-07122020-00005 |
| Corporate Action ID | MY201207EXWA0005 |