CTOS-CA

0.005

(%)

Structured Warrants - Final Settlement

CTOS-CA: CW CTOS DIGITAL BERHAD (MIBB)

Description
MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") 
	
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF CTOS DIGITAL BERHAD ("CTOS") ("CTOS SHARE(S)") ("CTOS-CA")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Jun 2022 09:00 AM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that CTOS-CA expired at 9.00 a.m. on 30 June 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below.
Cash Settlement Amount
= Number of CTOS-CA x (1/Entitlement) x (Settlement Price - Exercise Price) - Exercise Expenses*
= Number of CTOS-CA x (1/5) x (RM1.2331 - RM1.3800) - Exercise Expenses*
= Number of CTOS-CA x RM0.0000 - Exercise Expenses*
* Exercise Expenses for every one (1) unit of structured warrants is equivalent to 0.3% of 1/Entitlement x (Settlement Price - Exercise Price). The Exercise Expenses are subject to tax or duties which are incurred in respect of or in connection with the exercise of Structured Warrants and includes without limitation to any sales or service tax (and includes any value added, consumption, goods and services or other tax imposed by the government on goods and services in Malaysia).
The Settlement Price of RM1.2331 is the arithmetic mean of volume weighted average market price of CTOS Shares for five (5) market days prior to and including the market day immediately before the Expiry Date. The structured warrants shall be automatically exercised at 9.00 a.m. on the Expiry Date if the Cash Settlement Amount is greater than zero. If the Cash Settlement Amount is less than or equal to zero all structured warrants shall be deemed to have expired on the Expiry Date and all rights of the warrantholders and our obligations with respect to such structured warrants shall cease and the warrantholders shall not be entitled to receive any payment from us in respect of the structured warrants.
The Cash Settlement Amount (if any) shall be paid, by cheque drawn in favour of the warrantholder or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, subject to any postponement of the valuation dates resulting from any market disruption event or any postponement arising from any settlement disruption event, no later than seven (7) market days following the Expiry Date. For the avoidance of doubt, warrantholders shall not be required to pay or top-up the Exercise Expenses, as the case may be, where the Cash Settlement Amount is less than zero.



Announcement Info

Company Name CTOS-CA: CW CTOS DIGITAL BERHAD (MIBB)
Stock Name CTOS-CA
Date Announced 30 Jun 2022
Category Structured Warrants - Final Settlement
Reference Number SWF-30062022-00028
Corporate Action ID MY220630EXWA0028