Structured Warrants - Final Settlement
| FBMKLCI-CBD: CW FTSE BURSA MALAYSIA KLCI INDEX (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE FTSE BURSA MALAYSIA KLCI ("FBMKLCI") ("FBMKLCI-CBD") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Jul 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that FBMKLCI-CBD had expired at 5.00 p.m. on 30 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of FBMKLCI-CBD exercised x (1/Exercise Ratio) x (Closing Level - Exercise Level) x Index Currency Amount
= Number of FBMKLCI-CBD exercised x (1/488) x (1,501.00 - 1,700.00) x RM1.00
= Number of FBMKLCI-CBD exercised x RM0.0000
The Closing Level of 1,501.00 is the reference to the final settlement price for settling the corresponding spot-month index futures contracts 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 FBMKLCI-CBD will cease to be valid and all our obligations in respect to FBMKLCI-CBD shall terminate absolutely.
This announcement is dated 30 July 2021. |
Announcement Info
| Company Name | FBMKLCI-CBD: CW FTSE BURSA MALAYSIA KLCI INDEX (KIBB) |
| Stock Name | FBMKLCI-CBD |
| Date Announced | 30 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30072021-00051 |
| Corporate Action ID | MY210730EXWA0051 |