Structured Warrants - Final Settlement
FGV-C82: CW FGV HOLDINGS BERHAD (KIBB) |
Description | KENANGA INVESTMENT BANK BERHAD ("KIBB") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF FGV HOLDINGS BERHAD ("FGV") ("FGV-C82") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 13 Apr 2020 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | Out of the Money/At the Money |
We wish to announce that FGV-C82 had expired at 9.00 a.m. on 13 April 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below: Cash Settlement Amount = Number of FGV-C82 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) = Number of FGV-C82 exercised x (1/1.5) x (RM0.8800 - RM1.0800) = Number of FGV-C82 exercised x RM0.0000 The Closing Price of RM0.8800 is the average daily volume weighted average price (VWAP) of the ordinary shares of FGV for the five (5) market days prior to and including the market day immediately before the Expiry Date. The FGV-C82 is deemed to have been automatically exercised on the Expiry Date. As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised FGV-C82 will cease to be valid and all our obligations in respect to FGV-C82 shall terminate absolutely. This announcement is dated 13 April 2020. |
Announcement Info
Company Name | FGV-C82: CW FGV HOLDINGS BERHAD (KIBB) |
Stock Name | FGV-C82 |
Date Announced | 13 Apr 2020 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-13042020-00002 |
Corporate Action ID | MY200413EXWA0002 |