Structured Warrants - Final Settlement
| HIBISCS-C39: 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-C39") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 05 Apr 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HIBISCS-C39 expired at 5.00 p.m. on 05 April 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of HIBISCS-C39 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of HIBISCS-C39 x (RM1.0186 - RM1.0500) x (1/3)
= Number of HIBISCS-C39 x RM0.0000
The Closing Price of RM 1.0186 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-C39 shall become void and cease to have exercise rights and our obligation in respect of HIBISCS-C39 shall terminate absolutely.
This announcement is dated 05 April 2023. |
Announcement Info
| Company Name | HIBISCS-C39: CW HIBISCUS PETROLEUM BERHAD (AM) |
| Stock Name | HIBISCS-C39 |
| Date Announced | 05 Apr 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-05042023-00005 |
| Corporate Action ID | MY230405EXWA0005 |