Structured Warrants - Final Settlement
CHINHIN-CE: CW CHIN HIN GROUP BERHAD (RHB) |
Description | RHB INVESTMENT BANK BERHAD ("RHBIB") EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CHIN HIN GROUP BERHAD ("CHINHIN") ("CHINHIN-CE") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 27 Jan 2023 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.7360 |
Payment Date | 09 Feb 2023 |
We are pleased to announce that CHINHIN-CE has expired at 9.00 a.m. on 27 January 2023 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per CHINHIN-CE) (if the said amount is greater than zero). The Settlement Price has been determined at RM3.4900 being the arithmetic mean of the closing price of CHINHIN 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 CHINHIN-CE exercised - 0.30% = {(RM3.4900 - RM1.6500) / 2.500 } x Number of CHINHIN-CE exercised - 0.30% = RM0.7360 x Number of CHINHIN-CE exercised - 0.30% Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors. This announcement is dated 27 January 2023. |
Announcement Info
Company Name | CHINHIN-CE: CW CHIN HIN GROUP BERHAD (RHB) |
Stock Name | CHINHIN-CE |
Date Announced | 27 Jan 2023 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-27012023-00029 |
Corporate Action ID | MY230127EXWA0029 |