Structured Warrants - Final Settlement
| KERJAYA-CV: CW KERJAYA PROSPEK GROUP BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KERJAYA PROSPEK GROUP BERHAD ("KERJAYA") ("KERJAYA SHARE") ("KERJAYA-CV") |
| 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 KERJAYA-CV 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 KERJAYA-CV x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KERJAYA-CV x (RM1.1469 - RM1.1500) x (1/4)
= Number of KERJAYA-CV x RM0.0000
The Closing Price of RM 1.1469 is the average volume-weighted average price (VWAP) of the KERJAYA 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 KERJAYA-CV shall become void and cease to have exercise rights and our obligation in respect of KERJAYA-CV shall terminate absolutely.
This announcement is dated 05 April 2023. |
Announcement Info
| Company Name | KERJAYA-CV: CW KERJAYA PROSPEK GROUP BERHAD (AM) |
| Stock Name | KERJAYA-CV |
| Date Announced | 05 Apr 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-05042023-00002 |
| Corporate Action ID | MY230405EXWA0002 |