Structured Warrants - Final Settlement
| PETRONM-CV: CW PETRON MALAYSIA REFINING & MARKETING BHD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRON MALAYSIA REFINING & MARKETING BHD ("PETRONM") ("PETRONM-CV") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 25 Nov 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that PETRONM-CV have expired at 9.00 a.m. on 25 November 2021 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per PETRONM-CV) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 4.5340 being the arithmetic mean of the closing price of PETRONM Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of PETRONM-CV exercised - 0.30%
= {(RM 4.5340 - RM 5.2000) / 10 } x Number of PETRONM-CV exercised - 0.30%
= RM 0.0000 x Number of PETRONM-CV exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 25 November 2021 |
Announcement Info
| Company Name | PETRONM-CV: CW PETRON MALAYSIA REFINING & MARKETING BHD (RHB) |
| Stock Name | PETRONM-CV |
| Date Announced | 25 Nov 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-25112021-00022 |
| Corporate Action ID | MY211125EXWA0022 |