Structured Warrants - Final Settlement
| SERBADK-C8: CW SERBA DINAMIK HOLDINGS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SERBA DINAMIK HOLDINGS BERHAD ("SERBADK") ("SERBADK-C8") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Mar 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that SERBADK-C8 had expired at 9.00 a.m. on 22 March 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of SERBADK-C8 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of SERBADK-C8 exercised x (1/3) x (RM1.8302 - RM1.8800)
= Number of SERBADK-C8 exercised x RM0.0000
The Closing Price of RM1.8302 is the average daily volume weighted average price (VWAP) of the ordinary shares of SERBADK for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SERBADK-C8 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 SERBADK-C8 will cease to be valid and all our obligations in respect to SERBADK-C8 shall terminate absolutely.
This announcement is dated 22 March 2021. |
Announcement Info
| Company Name | SERBADK-C8: CW SERBA DINAMIK HOLDINGS BERHAD (KIBB) |
| Stock Name | SERBADK-C8 |
| Date Announced | 22 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22032021-00030 |
| Corporate Action ID | MY210322EXWA0030 |