Structured Warrants - Final Settlement
| SPSETIA-C42: CW S P SETIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA SHARE") ("SPSETIA-C42") |
| 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 | Out of the Money/At the Money |
We wish to announce that SPSETIA-C42 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 SPSETIA-C42 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SPSETIA-C42 x (RM0.9357 - RM1.18) x (1/2)
= Number of SPSETIA-C42 x RM0.0000
The Closing Price of RM0.9357 is the average volume-weighted average price (VWAP) of the SPSETIA Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and SPSETIA-C42 shall become void and cease to have exercise rights and our obligation in respect of SPSETIA-C42 shall terminate absolutely.
This announcement is dated 27 May 2022. |
Announcement Info
| Company Name | SPSETIA-C42: CW S P SETIA BERHAD (AM) |
| Stock Name | SPSETIA-C42 |
| Date Announced | 27 May 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27052022-00006 |
| Corporate Action ID | MY220527EXWA0006 |