Structured Warrants - Final Settlement
| KOSSAN-C50: CW KOSSAN RUBBER INDUSTRIES BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KOSSAN RUBBER INDUSTRIES BHD ("KOSSAN") ("KOSSAN SHARE") ("KOSSAN-C50") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 09 Jun 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1618 |
| Payment Date | 20 Jun 2023 |
We wish to announce that KOSSAN-C50 expired at 5.00 p.m. on 09 June 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of KOSSAN-C50 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KOSSAN-C50 x (RM1.4236 - RM1.1000) x (1/2)
= Number of KOSSAN-C50 x RM0.1618
The Closing Price of RM 1.4236 is the average volume-weighted average price (VWAP) of the KOSSAN Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 09 June 2023. |
Announcement Info
| Company Name | KOSSAN-C50: CW KOSSAN RUBBER INDUSTRIES BHD (AM) |
| Stock Name | KOSSAN-C50 |
| Date Announced | 09 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-09062023-00001 |
| Corporate Action ID | MY230609EXWA0001 |