Structured Warrants - Final Settlement
HIBISCS-C36: CW HIBISCUS PETROLEUM BERHAD (AM) |
Description | AMBANK (M) BERHAD ("AMBANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HIBISCUS PETROLEUM BERHAD ("HIBISCS") ("HIBISCS SHARE") ("HIBISCS-C36") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 10 Feb 2023 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HIBISCS-C36 expired at 5.00 p.m. on 10 February 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount: = Number of HIBISCS-C36 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of HIBISCS-C36 x (RM1.1460 - RM1.6000) x (1/4) = Number of HIBISCS-C36 x RM0.0000 The Closing Price of RM 1.1460 is the average volume-weighted average price (VWAP) of the HIBISCS 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 HIBISCS-C36 shall become void and cease to have exercise rights and our obligation in respect of HIBISCS-C36 shall terminate absolutely. This announcement is dated 10 February 2023. |
Announcement Info
Company Name | HIBISCS-C36: CW HIBISCUS PETROLEUM BERHAD (AM) |
Stock Name | HIBISCS-C36 |
Date Announced | 10 Feb 2023 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-10022023-00009 |
Corporate Action ID | MY230210EXWA0009 |