Structured Warrants - Final Settlement
| FBMKLCI-H8Z: PW FTSE BURSA MALAYSIA KLCI INDEX (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER THE FTSE BURSA MALAYSIA KLCI ("FBMKLCI") ("FBMKLCI-H8Z") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Nov 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that FBMKLCI-H8Z had expired at 9.00 a.m. on 30 November 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of FBMKLCI-H8Z exercised x (1/Exercise Ratio) x (Exercise Level - Closing Level) x Index Currency Amount
= Number of FBMKLCI-H8Z exercised x (1/388) x (1,550.00 - 1,591.50) x RM1.00
= Number of FBMKLCI-H8Z exercised x RM0.0000
The Closing Level of 1,591.50 is the reference to the final settlement price for settling the corresponding spot-month index futures contracts 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 FBMKLCI-H8Z will cease to be valid and all our obligations in respect to FBMKLCI-H8Z shall terminate absolutely.
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This announcement is dated 30 November 2020. |
Announcement Info
| Company Name | FBMKLCI-H8Z: PW FTSE BURSA MALAYSIA KLCI INDEX (KIBB) |
| Stock Name | FBMKLCI-H8Z |
| Date Announced | 30 Nov 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30112020-00043 |
| Corporate Action ID | MY201130EXWA0043 |