HARTA-C50

0.005

(%)

Structured Warrants - Final Settlement

HARTA-C50: CW HARTALEGA HOLDINGS BERHAD (KIBB)

Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HARTALEGA HOLDINGS BERHAD ("HARTA") ("HARTA-C50")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 31 May 2021 09:00 AM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that HARTA-C50 had expired at 9.00 a.m. on 31 May 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HARTA-C50 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of HARTA-C50 exercised x (1/18) x (RM9.2782 - RM14.5000) 
= Number of HARTA-C50 exercised x RM0.0000 

The Closing Price of RM9.2782 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-C50 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 HARTA-C50 will cease to be valid and all our obligations in respect to HARTA-C50 shall terminate absolutely.

This announcement is dated 31 May 2021



Announcement Info

Company Name HARTA-C50: CW HARTALEGA HOLDINGS BERHAD (KIBB)
Stock Name HARTA-C50
Date Announced 31 May 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-31052021-00019
Corporate Action ID MY210531EXWA0019