Structured Warrants - Final Settlement
| SCIENTX-CG: CW SCIENTEX BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SCIENTEX BERHAD ("SCIENTX") ("SCIENTX SHARE") ("SCIENTX-CG") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 May 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0076 |
| Payment Date | 10 Jun 2020 |
We wish to announce that SCIENTX-CG expired at 5.00 p.m. on 29 May 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SCIENTX-CG x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SCIENTX-CG x (RM8.2607 - RM8.20) x (1/8)
= Number of SCIENTX-CG x RM0.0076
The Closing Price of RM8.2607 is the average volume-weighted average price (VWAP) of the SCIENTX Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 29 May 2020. |
Announcement Info
| Company Name | SCIENTX-CG: CW SCIENTEX BERHAD (AM) |
| Stock Name | SCIENTX-CG |
| Date Announced | 29 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29052020-00017 |
| Corporate Action ID | MY200529EXWA0017 |