Structured Warrants - Final Settlement
| SAM-CC: CW SAM ENGINEERING & EQUIPMENT (M) BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SAM ENGINEERING & EQUIPMENT (M) BERHAD ("SAM") ("SAM-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Aug 2022 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that SAM-CC have expired at 9.00 a.m. on 29 August 2022 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per SAM-CC) (if the said amount is greater than zero).
The Settlement Price has been determined at RM4.2880 being the arithmetic mean of the closing price of SAM Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of SAM-CC exercised - 0.30%
= {(RM4.2880 - RM5.7500) / 12.5000 } x Number of SAM-CC exercised - 0.30%
= RM0.0000 x Number of SAM-CC exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 29 August 2022. |
Announcement Info
| Company Name | SAM-CC: CW SAM ENGINEERING & EQUIPMENT (M) BERHAD (RHB) |
| Stock Name | SAM-CC |
| Date Announced | 29 Aug 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29082022-00018 |
| Corporate Action ID | MY220829EXWA0018 |