Structured Warrants - Final Settlement
| UWC-CZ: CW UWC BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UWC BERHAD ("UWC") ("UWC-CZ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 May 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that UWC-CZ have expired at 9.00 a.m. on 30 May 2023 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per UWC-CZ) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 2.8300 being the arithmetic mean of the closing price of UWC Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of UWC-CZ exercised - 0.30%
= {(RM 2.8300 - RM 4.0000) / 5.5 } x Number of UWC-CZ exercised - 0.30%
= RM 0.0000 x Number of UWC-CZ exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 30 May 2023. |
Announcement Info
| Company Name | UWC-CZ: CW UWC BERHAD (RHB) |
| Stock Name | UWC-CZ |
| Date Announced | 30 May 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30052023-00007 |
| Corporate Action ID | MY230530EXWA0007 |