STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| ECONBHD-CE: CW ECONPILE HOLDINGS BERHAD (AM) |
| Type | Announcement |
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ECONPILE HOLDINGS BERHAD ("ECONBHD") ("ECONBHD SHARE") ("ECONBHD-CE") |
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We wish to announce that ECONBHD-CE expired at 5.00 p.m. on 30 April 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
= Number of ECONBHD-CE x (Closing Price – Exercise Price) x (1/Exercise Ratio)
= Number of ECONBHD-CE x RM0.0000
The Closing Price of RM1.0416 is the average of the five (5)-day volume-weighted average price (VWAP) of the ECONBHD Shares on each of the five (5) market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the ECONBHD-CE shall become void and cease to have any exercise rights.
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Announcement Info
| Company Name | ECONBHD-CE: CW ECONPILE HOLDINGS BERHAD (AM) |
| Stock Name | ECONBHD-CE |
| Date Announced | 30 Apr 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30042018-00096 |