STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| SUPERMX-C28: CW SUPERMAX CORP 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 SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-C28") |
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We wish to announce that SUPERMX-C28 had expired at 9.00 a.m. on 22 January 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below: Cash Settlement Amount = Number of SUPERMX-C28 exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price) – 0.30%* = Number of SUPERMX-C28 exercised x (1/2.5) x (RM2.3307 - RM2.2000) – 0.30%* = Number of SUPERMX-C28 exercised x RM0.0523 – 0.30%* *The Exercise Expenses are subject to 6% GST. The Closing Price of RM2.3307 is the average daily volume weighted average price (VWAP) of the ordinary shares of SUPERMX for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SUPERMX-C28 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 22 January 2018. |
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Announcement Info
| Company Name | SUPERMX-C28: CW SUPERMAX CORP BHD (KIBB) |
| Stock Name | SUPERMX-C28 |
| Date Announced | 22 Jan 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012018-00032 |