PIE-CC

0.005

(%)

Structured Warrants - Final Settlement

PIE-CC: CW P.I.E. INDUSTRIAL BERHAD (AM)

Description
AMBANK (M) BERHAD ("AMBANK")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF P.I.E. INDUSTRIAL BERHAD ("PIE") ("PIE SHARE") ("PIE-CC")
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 PIE-CC 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 PIE-CC x (Closing Price - Exercise Price) x (1/Exercise Ratio) 

= Number of PIE-CC x (RM2.8428 - RM3.60) x (1/7) 

= Number of PIE-CC x RM0.0000

The Closing Price of RM2.8428 is the average volume-weighted average price (VWAP) of the PIE 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 PIE-CC shall become void and cease to have exercise rights and our obligation in respect of PIE-CC shall terminate absolutely.



This announcement is dated 27 May 2022.



Announcement Info

Company Name PIE-CC: CW P.I.E. INDUSTRIAL BERHAD (AM)
Stock Name PIE-CC
Date Announced 27 May 2022
Category Structured Warrants - Final Settlement
Reference Number SWF-27052022-00004
Corporate Action ID MY220527EXWA0004