Structured Warrants - Final Settlement
| SPSETIA-C24: CW S P SETIA BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-C24") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Jul 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that SPSETIA-C24 have expired at 9.00 a.m. on 28 July 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per SPSETIA-C24) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 0.7920 being the arithmetic mean of the closing price of SPSETIA 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 SPSETIA-C24 exercised - 0.30%
= {(RM 0.7920 - RM 1.3000) / 2 } x Number of SPSETIA-C24 exercised - 0.30%
= RM 0.0000 x Number of SPSETIA-C24 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 28 July 2020. |
Announcement Info
| Company Name | SPSETIA-C24: CW S P SETIA BERHAD (RHB) |
| Stock Name | SPSETIA-C24 |
| Date Announced | 28 Jul 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28072020-00014 |
| Corporate Action ID | MY200728EXWA0014 |