Structured Warrants - Final Settlement
| GENTINGC1T: CW GENTING BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTINGC1T") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 07 Feb 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0048 |
| Payment Date | 16 Feb 2023 |
We wish to announce that GENTINGC1T had expired at 9.00 a.m. on 7 February 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of GENTINGC1T exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of GENTINGC1T exercised x (1/5) x (RM5.0241 - RM5.0000)
= Number of GENTINGC1T exercised x RM0.0048
The Closing Price of RM5.0241 is the average daily volume weighted average price (VWAP) of the ordinary shares of GENTING for the five (5) market days prior to and including the market day immediately before the Expiry Date. The GENTINGC1T 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 February 2023. |
Announcement Info
| Company Name | GENTINGC1T: CW GENTING BERHAD (KIBB) |
| Stock Name | GENTINGC1T |
| Date Announced | 07 Feb 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-07022023-00006 |
| Corporate Action ID | MY230207EXWA0006 |