Structured Warrants - Final Settlement
| LCTITAN-CT: CW LOTTE CHEMICAL TITAN HOLDING BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF LOTTE CHEMICAL TITAN HOLDING BERHAD ("LCTITAN") ("LCTITAN-CT") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 08 Dec 2025 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that LCTITAN-CT had expired at 9.00 a.m. on 8 December 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of LCTITAN-CT exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of LCTITAN-CT exercised x (1/2) x (RM0.4485 - RM0.7800)
= Number of LCTITAN-CT exercised x RM0.0000
The Closing Price of RM0.4485 is the average daily volume weighted average price (VWAP) of the ordinary shares of LCTITAN on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The LCTITAN-CT 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 LCTITAN-CT will cease to be valid and all our obligations in respect to LCTITAN-CT shall terminate absolutely.
This announcement is dated 8 December 2025. |
Announcement Info
| Company Name | LCTITAN-CT: CW LOTTE CHEMICAL TITAN HOLDING BERHAD (KIBB) |
| Stock Name | LCTITAN-CT |
| Date Announced | 08 Dec 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-08122025-00007 |
| Corporate Action ID | MY251208EXWA0007 |