Structured Warrants - Final Settlement
| KMLOONG-CB: CW KIM LOONG RESOURCES BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KIM LOONG RESOURCES BERHAD ("KMLOONG") ("KMLOONG SHARE") ("KMLOONG-CB") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 May 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0878 |
| Payment Date | 08 Jun 2022 |
We wish to announce that KMLOONG-CB expired at 5.00 p.m. on 27 May 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of KMLOONG-CB x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KMLOONG-CB x (RM1.9054 - RM1.5624) x (1/3.9059)
= Number of KMLOONG-CB x RM0.0878
The Closing Price of RM1.9054 is the average volume-weighted average price (VWAP) of the KMLOONG 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 27 May 2022. |
Announcement Info
| Company Name | KMLOONG-CB: CW KIM LOONG RESOURCES BERHAD (AM) |
| Stock Name | KMLOONG-CB |
| Date Announced | 27 May 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27052022-00002 |
| Corporate Action ID | MY220527EXWA0002 |