Structured Warrants - Final Settlement
| TOPGLOV-C99: CW TOP GLOVE CORPORATION BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BHD ("TOPGLOV") ("TOPGLOV SHARE") ("TOPGLOV-C99") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Jul 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that TOPGLOV-C99 expired at 5.00 p.m. on 29 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of TOPGLOV-C99 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of TOPGLOV-C99 x (RM4.0683 - RM9.00) x (1/30)
= Number of TOPGLOV-C99 x RM0.0000
The Closing Price of RM4.0683 is the average volume-weighted average price (VWAP) of the TOPGLOV Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and TOPGLOV-C99 shall become void and cease to have exercise rights and our obligation in respect of TOPGLOV-C99 shall terminate absolutely.
This announcement is dated 29 July 2021. |
Announcement Info
| Company Name | TOPGLOV-C99: CW TOP GLOVE CORPORATION BHD (AM) |
| Stock Name | TOPGLOV-C99 |
| Date Announced | 29 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29072021-00009 |
| Corporate Action ID | MY210729EXWA0009 |