We are pleased to announce that FGV-C53 have expired at 9.01 a.m. on 28 December 2018 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per FGV-C53) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 0.7280 being the arithmetic mean of the closing price of FGV 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 FGV-C53 exercised – 0.30%

= {(RM 0.7280 – RM 1.6800) / 3} x Number of FGV-C53 exercised – 0.30%

= RM 0.0000 x Number of FGV-C53 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 28 December 2018.