Structured Warrants - Final Settlement
| HONGSENG-CL: CW HONG SENG CONSOLIDATED BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HONG SENG CONSOLIDATED BERHAD ("HONGSENG") ("HONGSENG SHARE") ("HONGSENG-CL") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 12 Oct 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HONGSENG-CL expired at 5.00 p.m. on 12 October 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of HONGSENG-CL x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of HONGSENG-CL x (RM0.2336 - RM1.4500) x (1/4.0000)
= Number of HONGSENG-CL x RM0.0000
The Closing Price of RM0.2336 is the average volume-weighted average price (VWAP) of the HONGSENG 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 HONGSENG-CL shall become void and cease to have exercise rights and our obligation in respect of HONGSENG-CL shall terminate absolutely.
This announcement is dated 12 October 2022. |
Announcement Info
| Company Name | HONGSENG-CL: CW HONG SENG CONSOLIDATED BERHAD (AM) |
| Stock Name | HONGSENG-CL |
| Date Announced | 12 Oct 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-12102022-00013 |
| Corporate Action ID | MY221012EXWA0013 |