Structured Warrants - Final Settlement
GENTINGC84: CW GENTING BERHAD (RHB) |
Description | RHB INVESTMENT BANK BERHAD ("RHBIB") EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTINGC84") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 24 Dec 2020 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0480 |
Payment Date | 06 Jan 2021 |
We are pleased to announce that GENTINGC84 has expired at 9.00 a.m. on 24 December 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per GENTINGC84) (if the said amount is greater than zero). The Settlement Price has been determined at RM 4.5640 being the arithmetic mean of the closing price of GENTING 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 GENTINGC84 exercised - 0.30% = {(RM 4.5640 - RM 4.3000) / 5.5 } x Number of GENTINGC84 exercised - 0.30% = RM 0.0480 x Number of GENTINGC84 exercised - 0.30% Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors. This announcement is dated 24 December 2020. |
Announcement Info
Company Name | GENTINGC84: CW GENTING BERHAD (RHB) |
Stock Name | GENTINGC84 |
Date Announced | 24 Dec 2020 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-24122020-00011 |
Corporate Action ID | MY201224EXWA0011 |