Structured Warrants - Final Settlement
| GENTINGC1Y: CW GENTING BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTING SHARE") ("GENTINGC1Y") |
| 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 GENTINGC1Y 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 GENTINGC1Y x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of GENTINGC1Y x (RM4.6906 - RM5.0500) x (1/10)
= Number of GENTINGC1Y x RM0.0000
The Closing Price of RM 4.6906 is the average volume-weighted average price (VWAP) of the GENTING 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 GENTINGC1Y shall become void and cease to have exercise rights and our obligation in respect of GENTINGC1Y shall terminate absolutely.
This announcement is dated 10 March 2023. |
Announcement Info
| Company Name | GENTINGC1Y: CW GENTING BERHAD (AM) |
| Stock Name | GENTINGC1Y |
| Date Announced | 10 Mar 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10032023-00006 |
| Corporate Action ID | MY230310EXWA0006 |