Structured Warrants - Final Settlement
| HENGYUANC17: CW HENGYUAN REFINING COMPANY BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HENGYUAN REFINING COMPANY BERHAD ("HENGYUAN") ("HENGYUAN SHARE") ("HENGYUANC17") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 13 Jan 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HENGYUANC17 expired at 5.00 p.m. on 13 January 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of HENGYUANC17 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of HENGYUANC17 x (RM3.9155 - RM5.55) x (1/20)
= Number of HENGYUANC17 x RM0.0000
The Closing Price of RM3.9155 is the average volume-weighted average price (VWAP) of the HENGYUAN Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and HENGYUANC17 shall become void and cease to have exercise rights and our obligation in respect of HENGYUANC17 shall terminate absolutely.
This announcement is dated 13 January 2022. |
Announcement Info
| Company Name | HENGYUANC17: CW HENGYUAN REFINING COMPANY BERHAD (AM) |
| Stock Name | HENGYUANC17 |
| Date Announced | 13 Jan 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-13012022-00012 |
| Corporate Action ID | MY220113EXWA0012 |