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 |