We are pleased to announce that MALAKOFC18 have expired at 9.00 a.m. on 25 June 2019 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per MALAKOFC18) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 0.8530 being the arithmetic mean of the closing price of MALAKOF 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 MALAKOFC18 exercised – 0.30%

= {(RM 0.8530 – RM 0.9000) / 1.5} x Number of MALAKOFC18 exercised – 0.30%

= RM 0.0000 x Number of MALAKOFC18 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 25 June 2019.