Structured Warrants - Final Settlement
RUBEREX-CD: CW RUBBEREX CORPORATION (M) BERHAD (KIBB) |
Description | KENANGA INVESTMENT BANK BERHAD ("KIBB") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF RUBBEREX CORPORATION (M) BERHAD ("RUBEREX") ("RUBEREX-CD") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 18 Oct 2021 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | Out of the Money/At the Money |
We wish to announce that RUBEREX-CD had expired at 9.00 a.m. on 18 October 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below: Cash Settlement Amount = Number of RUBEREX-CD exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) = Number of RUBEREX-CD exercised x (1/5) x (RM0.5957 - RM2.2600) = Number of RUBEREX-CD exercised x RM0.0000 The Closing Price of RM0.5957 is the average daily volume weighted average price (VWAP) of the ordinary shares of RUBEREX for the five (5) market days prior to and including the market day immediately before the Expiry Date. The RUBEREX-CD 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 RUBEREX-CD will cease to be valid and all our obligations in respect to RUBEREX-CD shall terminate absolutely. This announcement is dated 18 October 2021. |
Announcement Info
Company Name | RUBEREX-CD: CW RUBBEREX CORPORATION (M) BERHAD (KIBB) |
Stock Name | RUBEREX-CD |
Date Announced | 18 Oct 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-18102021-00010 |
Corporate Action ID | MY211018EXWA0010 |