Structured Warrants - Final Settlement
| MMCCORPC27: CW MMC CORPORATION BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MMC CORPORATION BERHAD ("MMCCORP") ("MMCCORPC27") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Nov 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.3350 |
| Payment Date | 08 Dec 2021 |
We wish to announce that MMCCORPC27 had expired at 9.00 a.m. on 29 November 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of MMCCORPC27 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of MMCCORPC27 exercised x (1/2) x (RM1.9900 - RM1.3200)
= Number of MMCCORPC27 exercised x RM0.3350
The Closing Price of RM1.9900 is the last traded price of MMCCORP on Thursday, 25 November 2021. The MMCCORPC27 is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 29 November 2021. |
Announcement Info
| Company Name | MMCCORPC27: CW MMC CORPORATION BERHAD (KIBB) |
| Stock Name | MMCCORPC27 |
| Date Announced | 29 Nov 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29112021-00006 |
| Corporate Action ID | MY211129EXWA0006 |