Structured Warrants - Final Settlement
| DPHARMA-C5: CW DUOPHARMA BIOTECH BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DUOPHARMA BIOTECH BERHAD ("DPHARMA") ("DPHARMA SHARE") ("DPHARMA-C5") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 10 May 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that DPHARMA-C5 expired at 5.00 p.m. on 10 May 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of DPHARMA-C5 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of DPHARMA-C5 x (RM1.4617 - RM1.5000) x (1/3)
= Number of DPHARMA-C5 x RM0.0000
The Closing Price of RM 1.4617 is the average volume-weighted average price (VWAP) of the DPHARMA 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 DPHARMA-C5 shall become void and cease to have exercise rights and our obligation in respect of DPHARMA-C5 shall terminate absolutely.
This announcement is dated 10 May 2023. |
Announcement Info
| Company Name | DPHARMA-C5: CW DUOPHARMA BIOTECH BERHAD (AM) |
| Stock Name | DPHARMA-C5 |
| Date Announced | 10 May 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10052023-00010 |
| Corporate Action ID | MY230510EXWA0010 |