Structured Warrants - Final Settlement
| DPHARMA-CC: CW DUOPHARMA BIOTECH BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DUOPHARMA BIOTECH BERHAD ("DPHARMA") ("DPHARMA-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 Apr 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that DPHARMA-CC have expired at 9.00 a.m. on 27 April 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per DPHARMA-CC) (if the said amount is greater than zero).
The Settlement Price has been determined at RM2.6300 being the arithmetic mean of the closing price of DPHARMA 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 DPHARMA-CC exercised - 0.30%
= {(RM2.6300 - RM2.8800) / 5.5} x Number of DPHARMA-CC exercised - 0.30%
= RM0.0000 x Number of DPHARMA-CC 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 27 April 2021. |
Announcement Info
| Company Name | DPHARMA-CC: CW DUOPHARMA BIOTECH BERHAD (RHB) |
| Stock Name | DPHARMA-CC |
| Date Announced | 27 Apr 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27042021-00019 |
| Corporate Action ID | MY210427EXWA0019 |