Structured Warrants - Final Settlement
| IOICORP-C44: CW IOI CORPORATION BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF IOI CORPORATION BERHAD ("IOICORP") ("IOICORP SHARE") ("IOICORP-C44") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 10 Mar 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that IOICORP-C44 expired at 5.00 p.m. on 10 March 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of IOICORP-C44 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of IOICORP-C44 x (RM3.9133 - RM4.2500) x (1/9)
= Number of IOICORP-C44 x RM0.0000
The Closing Price of RM 3.9133 is the average volume-weighted average price (VWAP) of the IOICORP 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 IOICORP-C44 shall become void and cease to have exercise rights and our obligation in respect of IOICORP-C44 shall terminate absolutely.
This announcement is dated 10 March 2023. |
Announcement Info
| Company Name | IOICORP-C44: CW IOI CORPORATION BERHAD (AM) |
| Stock Name | IOICORP-C44 |
| Date Announced | 10 Mar 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10032023-00008 |
| Corporate Action ID | MY230310EXWA0008 |