Structured Warrants - Final Settlement
| IOIPG-HA: PW IOI PROPERTIES GROUP BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER ORDINARY SHARES OF IOI PROPERTIES GROUP BERHAD ("IOIPG") ("IOIPG-HA") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 17 Jan 2022 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0224 |
| Payment Date | 27 Jan 2022 |
We wish to announce that IOIPG-HA had expired at 9.00 a.m. on 17 January 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of IOIPG-HA exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price)
= Number of IOIPG-HA exercised x (1/6) x (RM1.2000 - RM1.0658)
= Number of IOIPG-HA exercised x RM0.0224
The Closing Price of RM1.0658 is the is the average daily volume weighted average price (VWAP) of the ordinary shares of IOIPG for the five (5) market days prior to and including the market day immediately before the Expiry Date. The IOIPG-HA 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 January 2022. |
Announcement Info
| Company Name | IOIPG-HA: PW IOI PROPERTIES GROUP BERHAD (KIBB) |
| Stock Name | IOIPG-HA |
| Date Announced | 17 Jan 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-17012022-00004 |
| Corporate Action ID | MY220117EXWA0004 |