Structured Warrants - Final Settlement
| JCY-C9: CW JCY INTERNATIONAL BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF JCY INTERNATIONAL BERHAD ("JCY") ("JCY SHARE") ("JCY-C9") |
| 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 JCY-C9 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 JCY-C9 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of JCY-C9 x (RM0.3625 - RM0.70) x (1/3)
= Number of JCY-C9 x RM0.0000
The Closing Price of RM0.3625 is the average volume-weighted average price (VWAP) of the JCY 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 JCY-C9 shall become void and cease to have exercise rights and our obligation in respect of JCY-C9 shall terminate absolutely.
This announcement is dated 29 July 2021. |
Announcement Info
| Company Name | JCY-C9: CW JCY INTERNATIONAL BERHAD (AM) |
| Stock Name | JCY-C9 |
| Date Announced | 29 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29072021-00007 |
| Corporate Action ID | MY210729EXWA0007 |