CHINHIN-CC

0.610

(%)

Structured Warrants - Final Settlement

CHINHIN-CC: CW CHIN HIN GROUP BERHAD (KIBB)

Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CHIN HIN GROUP BERHAD ("CHINHIN") ("CHINHIN-CC")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 07 Nov 2022 09:00 AM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.6015
Payment Date 16 Nov 2022

We wish to announce that CHINHIN-CC had expired at 9.00 a.m. on 7 November 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of CHINHIN-CC exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of CHINHIN-CC exercised x (1/3) x (RM2.8045 - RM1.0000) 
= Number of CHINHIN-CC exercised x RM0.6015 

The Closing Price of RM2.8045 is the average daily volume weighted average price (VWAP) of the ordinary shares of CHINHIN for the five (5) market days prior to and including the market day immediately before the Expiry Date. The CHINHIN-CC is deemed to have been automatically exercised on the Expiry Date.

The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.

This announcement is dated 7 November 2022.



Announcement Info

Company Name CHINHIN-CC: CW CHIN HIN GROUP BERHAD (KIBB)
Stock Name CHINHIN-CC
Date Announced 07 Nov 2022
Category Structured Warrants - Final Settlement
Reference Number SWF-07112022-00001
Corporate Action ID MY221107EXWA0001