Structured Warrants - Final Settlement
DNEX-CJ: CW DAGANG NEXCHANGE BERHAD (AM) |
Description | AMBANK (M) BERHAD ("AMBANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DAGANG NEXCHANGE BERHAD ("DNEX") ("DNEX SHARE") ("DNEX-CJ") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 20 May 2022 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0526 |
Payment Date | 31 May 2022 |
We wish to announce that DNEX-CJ expired at 5.00 p.m. on 20 May 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount: = Number of DNEX-CJ x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of DNEX-CJ x (RM1.0105 - RM0.8000) x (1/4) = Number of DNEX-CJ x RM0.0526 The Closing Price of RM1.0105 is the average volume-weighted average price (VWAP) of the DNEX Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date. The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post. This announcement is dated 20 May 2022. |
Announcement Info
Company Name | DNEX-CJ: CW DAGANG NEXCHANGE BERHAD (AM) |
Stock Name | DNEX-CJ |
Date Announced | 20 May 2022 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-20052022-00003 |
Corporate Action ID | MY220520EXWA0003 |