Structured Warrants - Final Settlement
| AIRPORT-C31: CW MALAYSIA AIRPORTS HOLDINGS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA AIRPORTS HOLDINGS BERHAD ("AIRPORT") ("AIRPORT-C31") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 08 Nov 2021 09:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that AIRPORT-C31 had expired at 9.00 a.m. on 8 November 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of AIRPORT-C31 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of AIRPORT-C31 exercised x (1/8) x (RM6.4429 - RM6.8800)
= Number of AIRPORT-C31 exercised x RM0.0000
The Closing Price of RM6.4429 is the average daily volume weighted average price (VWAP) of the ordinary shares of AIRPORT for the five (5) market days prior to and including the market day immediately before the Expiry Date. The AIRPORT-C31 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 AIRPORT-C31 will cease to be valid and all our obligations in respect to AIRPORT-C31 shall terminate absolutely.
This announcement is dated 8 November 2021. |
Announcement Info
| Company Name | AIRPORT-C31: CW MALAYSIA AIRPORTS HOLDINGS BERHAD (KIBB) |
| Stock Name | AIRPORT-C31 |
| Date Announced | 08 Nov 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-08112021-00010 |
| Corporate Action ID | MY211108EXWA0010 |