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 |