STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| EWINT-CI: CW ECO WORLD INTERNATIONAL BHD (KIBB) |
| Type | Announcement |
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ECO WORLD INTERNATIONAL BERHAD ("EWINT") ("EWINT-CI") |
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We wish to announce that EWINT-CI had expired at 9.00 a.m. on 9 April 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below: Cash Settlement Amount = Number of EWINT-CI exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price) – 0.30%* = Number of EWINT-CI exercised x (1/2) x (RM0.9922 - RM1.2000) – 0.30%* = Number of EWINT-CI exercised x RM0.0000 – 0.30%* *The Exercise Expenses are subject to 6% GST. The Closing Price of RM0.9922 is the average daily volume weighted average price (VWAP) of the ordinary shares of EWINT for the five (5) market days prior to and including the market day immediately before the Expiry Date. The EWINT-CI 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 EWINT-CI will cease to be valid and all our obligations in respect to EWINT-CI shall terminate absolutely.
This announcement is dated 9 April 2018. |
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Announcement Info
| Company Name | EWINT-CI: CW ECO WORLD INTERNATIONAL BHD (KIBB) |
| Stock Name | EWINT-CI |
| Date Announced | 09 Apr 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09042018-00048 |