Structured Warrants - Final Settlement
| IJM-C37: CW IJM CORPORATION BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF IJM CORPORATION BERHAD ("IJM") ("IJM-C37") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Jan 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that IJM-C37 had expired at 9.00 a.m. on 22 January 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of IJM-C37 exercised x (1/Exercise Ratio) x (Closing Price Exercise Price)
= Number of IJM-C37 exercised x (1/3) x (RM1.6548 - RM2.3000)
= Number of IJM-C37 exercised x RM0.0000
The Closing Price of RM1.6548 is the average daily volume weighted average price (VWAP) of the ordinary shares of IJM for the five (5) market days prior to and including the market day immediately before the Expiry Date. The IJM-C37 is deemed to have been automatically exercised 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 IJM-C37 will cease to be valid and all our obligations in respect to IJM-C37 shall terminate absolutely.
This announcement is dated 22 January 2021. |
Announcement Info
| Company Name | IJM-C37: CW IJM CORPORATION BERHAD (KIBB) |
| Stock Name | IJM-C37 |
| Date Announced | 22 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22012021-00017 |
| Corporate Action ID | MY210122EXWA0017 |