Structured Warrants - Final Settlement
| MPI-CL: CW MALAYSIAN PACIFIC INDUSTRIES BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIAN PACIFIC INDUSTRIES BERHAD ("MPI") ("MPI-CL") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 17 Dec 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.7919 |
| Payment Date | 28 Dec 2021 |
We wish to announce that MPI-CL had expired at 9.00 a.m. on 17 December 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of MPI-CL exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of MPI-CL exercised x (1/25) x (RM48.6782 - RM28.8800)
= Number of MPI-CL exercised x RM0.7919
The Closing Price of RM48.6782 is the average daily volume weighted average price (VWAP) of the ordinary shares of MPI for the five (5) market days prior to and including the market day immediately before the Expiry Date. The MPI-CL 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 17 December 2021. |
Announcement Info
| Company Name | MPI-CL: CW MALAYSIAN PACIFIC INDUSTRIES BERHAD (KIBB) |
| Stock Name | MPI-CL |
| Date Announced | 17 Dec 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-17122021-00009 |
| Corporate Action ID | MY211217EXWA0009 |