Structured Warrants - Final Settlement
| PETRONM-CY: CW PETRON MALAYSIA REFINING & MARKETING BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRON MALAYSIA REFINING & MARKETING BHD ("PETRONM") ("PETRONM SHARE") ("PETRONM-CY") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Dec 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that PETRONM-CY expired at 5.00 p.m. on 22 December 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of PETRONM-CY x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of PETRONM-CY x (RM4.3184 - RM4.6000) x (1/8)
= Number of PETRONM-CY x RM0.0000
The Closing Price of RM4.3184 is the average volume-weighted average price (VWAP) of the PETRONM 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 PETRONM-CY shall become void and cease to have exercise rights and our obligation in respect of PETRONM-CY shall terminate absolutely.
This announcement is dated 22 December 2022. |
Announcement Info
| Company Name | PETRONM-CY: CW PETRON MALAYSIA REFINING & MARKETING BHD (AM) |
| Stock Name | PETRONM-CY |
| Date Announced | 22 Dec 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22122022-00007 |
| Corporate Action ID | MY221222EXWA0007 |