Structured Warrants - Final Settlement
| TENAGA-C74: CW TENAGA NASIONAL BHD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA-C74") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 Jan 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that TENAGA-C74 have expired at 9.00 a.m. on 26 January 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per TENAGA-C74) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 9.8540 being the arithmetic mean of the closing price of TENAGA 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 TENAGA-C74 exercised - 0.30%
= {(RM 9.8540 - RM 13.5000) / 11 } x Number of TENAGA-C74 exercised - 0.30%
= RM 0.0000 x Number of TENAGA-C74 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 26 January 2021. |
Announcement Info
| Company Name | TENAGA-C74: CW TENAGA NASIONAL BHD (RHB) |
| Stock Name | TENAGA-C74 |
| Date Announced | 26 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26012021-00003 |
| Corporate Action ID | MY210126EXWA0003 |