Structured Warrants - Final Settlement
| KPJ-CV: CW KPJ HEALTHCARE BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KPJ HEALTHCARE BERHAD ("KPJ") ("KPJ SHARE") ("KPJ-CV") |
| 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 | Out of the Money/At the Money |
We wish to announce that KPJ-CV 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 KPJ-CV x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KPJ-CV x (RM0.8834 - RM0.98) x (1/2)
= Number of KPJ-CV x RM0.0000
The Closing Price of RM0.8834 is the average volume-weighted average price (VWAP) of the KPJ Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and KPJ-CV shall become void and cease to have exercise rights and our obligation in respect of KPJ-CV shall terminate absolutely.
This announcement is dated 29 May 2020. |
Announcement Info
| Company Name | KPJ-CV: CW KPJ HEALTHCARE BERHAD (AM) |
| Stock Name | KPJ-CV |
| Date Announced | 29 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29052020-00020 |
| Corporate Action ID | MY200529EXWA0020 |