STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| HAPSENG-CX: CW HAP SENG CONSOLIDATED BERHAD (CIMB) |
| Type | Announcement | |||||||||
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
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| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HAP SENG CONSOLIDATED BERHAD ("HAPSENG") ("HAPSENG-CX") |
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We wish to announce that the HAPSENG-CX expired at 5.00 p.m. on 31 Jul 2019 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
The Closing Price of RM9.9168 is the arithmetic mean of daily volume weighted average market price of HAPSENG shares for the 5 market days prior to and including the market day immediately before 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 HAPSENG-CX will cease to be valid and all our obligations in respect of the HAPSENG-CX shall terminate absolutely.
This announcement is dated 31 Jul 2019. |
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Announcement Info
| Company Name | HAPSENG-CX: CW HAP SENG CONSOLIDATED BERHAD (CIMB) |
| Stock Name | HAPSENG-CX |
| Date Announced | 31 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29072019-00099 |