Structured Warrants - Final Settlement
| SKPRES-CZ: CW SKP RESOURCES BHD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SKP RESOURCES BHD ("SKPRES") ("SKPRES-CZ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 May 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that SKPRES-CZ have expired at 9.00 a.m. on 27 May 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per SKPRES-CZ) (if the said amount is greater than zero).
The Settlement Price has been determined at RM1.4460 being the arithmetic mean of the closing price of SKPRES 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 SKPRES-CZ exercised - 0.30%
= {(RM1.4460 - RM1.4800) / 3.3600 } x Number of SKPRES-CZ exercised - 0.30%
= RM0.0000 x Number of SKPRES-CZ 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 27 May 2021. |
Announcement Info
| Company Name | SKPRES-CZ: CW SKP RESOURCES BHD (RHB) |
| Stock Name | SKPRES-CZ |
| Date Announced | 27 May 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27052021-00008 |
| Corporate Action ID | MY210527EXWA0008 |