STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| TENAGA-C39: CW TENAGA NASIONAL BHD (CIMB) |
| Type | Announcement | |||||||||
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
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| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA-C39") |
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We wish to announce that the TENAGA-C39 expired at 5.00 p.m. on 29 June 2018 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
The Closing Price of RM13.7816 is the arithmetic mean of daily volume weighted average market price of TENAGA shares for the 5 market days prior to and including the market day immediately before 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 TENAGA-C39 will cease to be valid and all our obligations in respect of the TENAGA-C39 shall terminate absolutely.
This announcement is dated 29 June 2018. |
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Announcement Info
| Company Name | TENAGA-C39: CW TENAGA NASIONAL BHD (CIMB) |
| Stock Name | TENAGA-C39 |
| Date Announced | 29 Jun 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29062018-00022 |