HARTA-HA

0.255

(%)

Structured Warrants - Final Settlement

HARTA-HA: PW HARTALEGA HOLDINGS BERHAD (KIBB)

Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HARTALEGA HOLDINGS BERHAD ("HARTA") ("HARTA-HA")
Instrument Type PUT WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 25 Jan 2021 09:00 AM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.2338
Payment Date 05 Feb 2021

We wish to announce that HARTA-HA had expired at 9.00 a.m. on 25 January 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HARTA-HA exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price) 
= Number of HARTA-HA exercised x (1/12) x (RM15.0000 - RM12.1945) 
= Number of HARTA-HA exercised x RM0.2338 

The Closing Price of RM12.1945 is the average daily volume weighted average price (VWAP) of the ordinary shares of HARTA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HARTA-HA is deemed to have been automatically exercised on the Expiry Date.

The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.

This announcement is dated 25 January 2021.



Announcement Info

Company Name HARTA-HA: PW HARTALEGA HOLDINGS BERHAD (KIBB)
Stock Name HARTA-HA
Date Announced 25 Jan 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-25012021-00005
Corporate Action ID MY210125EXWA0005