Structured Warrants - Final Settlement
| SOP-CK: CW SARAWAK OIL PALMS BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SARAWAK OIL PALMS BERHAD ("SOP") ("SOP-CK") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 24 Nov 2022 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that SOP-CK have expired at 9.00 a.m. on 24 November 2022 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per SOP-CK) (if the said amount is greater than zero).
The Settlement Price has been determined at RM2.5800 being the arithmetic mean of the closing price of SOP 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 SOP-CK exercised - 0.30%
= {(RM2.5800 - RM4.3330) / 6.0000 } x Number of SOP-CK exercised - 0.30%
= RM0.0000 x Number of SOP-CK 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 24 November 2022. |
Announcement Info
| Company Name | SOP-CK: CW SARAWAK OIL PALMS BERHAD (RHB) |
| Stock Name | SOP-CK |
| Date Announced | 24 Nov 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-24112022-00029 |
| Corporate Action ID | MY221124EXWA0029 |