PCHEM-C52

0.280

(%)

Structured Warrants - Final Settlement

PCHEM-C52: CW PETRONAS CHEMICALS GROUP BERHAD (KIBB)

Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRONAS CHEMICALS GROUP BERHAD ("PCHEM") ("PCHEM-C52")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 26 Apr 2021 09:00 AM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.2877
Payment Date 06 May 2021

We wish to announce that PCHEM-C52 had expired at 9.00 a.m. on 26 April 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of PCHEM-C52 exercised x (1/Exercise Ratio) x (Closing Price  Exercise Price) 
= Number of PCHEM-C52 exercised x (1/7) x (RM7.8936 - RM5.8800) 
= Number of PCHEM-C52 exercised x RM0.2877 

The Closing Price of RM7.8936 is the average daily volume weighted average price (VWAP) of the ordinary shares of PCHEM for the five (5) market days prior to and including the market day immediately before the Expiry Date. The PCHEM-C52 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 26 April 2021.



Announcement Info

Company Name PCHEM-C52: CW PETRONAS CHEMICALS GROUP BERHAD (KIBB)
Stock Name PCHEM-C52
Date Announced 26 Apr 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-26042021-00010
Corporate Action ID MY210426EXWA0010