DNEX-CJ

0.040

(%)

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