Structured Warrants - Final Settlement
| DNEX-C7: CW DAGANG NEXCHANGE BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DAGANG NEXCHANGE BERHAD ("DNEX") ("DNEX SHARE") ("DNEX-C7") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 02 Jun 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that DNEX-C7 expired at 5.00 p.m. on 02 June 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of DNEX-C7 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of DNEX-C7 x (RM0.4131 - RM0.9000) x (1/2)
= Number of DNEX-C7 x RM0.0000
The Closing Price of RM 0.4131 is the average volume-weighted average price (VWAP) of the DNEX 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 DNEX-C7 shall become void and cease to have exercise rights and our obligation in respect of DNEX-C7 shall terminate absolutely.
This announcement is dated 02 June 2023. |
Announcement Info
| Company Name | DNEX-C7: CW DAGANG NEXCHANGE BERHAD (AM) |
| Stock Name | DNEX-C7 |
| Date Announced | 02 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-02062023-00007 |
| Corporate Action ID | MY230602EXWA0007 |