Structured Warrants - Final Settlement
| TOPGLOV-C1X: CW TOP GLOVE CORPORATION BHD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BHD ("TOPGLOV") ("TOPGLOV-C1X") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 May 2022 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that TOPGLOV-C1X have expired at 9.00 a.m. on 26 May 2022 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per TOPGLOV-C1X) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 1.4400 being the arithmetic mean of the closing price of TOPGLOV Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of TOPGLOV-C1X exercised - 0.30%
= {(RM 1.4400 - RM 3.8000) / 8 } x Number of TOPGLOV-C1X exercised - 0.30%
= RM 0.0000 x Number of TOPGLOV-C1X exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 26 May 2022. |
Announcement Info
| Company Name | TOPGLOV-C1X: CW TOP GLOVE CORPORATION BHD (RHB) |
| Stock Name | TOPGLOV-C1X |
| Date Announced | 26 May 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26052022-00005 |
| Corporate Action ID | MY220526EXWA0005 |