Structured Warrants - Final Settlement
| YTLPOWR-C23: CW YTL POWER INTERNATIONAL BERHAD (CIMB) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF YTL POWER INTERNATIONAL BERHAD ("YTLPOWR") ("YTLPOWR-C23") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 31 Jul 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.6515 |
| Payment Date | 09 Aug 2023 |
We wish to announce that YTLPOWR-C23 expired at 5.00 p.m. on 31 July 2023 ("Expiry Date"). The Cash Settlement Amount is as follows:
Cash Settlement Amount = Number of YTLPOWR-C23 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of YTLPOWR-C23 x (RM1.3515 - RM0.70) x (1/1)
= Number of YTLPOWR-C23 x RM0.6515
The Closing Price of RM1.3515 was determined based on the arithmetic mean of daily volume weighted average market price of YTLPOWR shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
The Cash Settlement Amount shall be made by way of cheque or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to holders of YTLPOWR-C23 by ordinary post.
This announcement is dated 31 July 2023. |
Announcement Info
| Company Name | YTLPOWR-C23: CW YTL POWER INTERNATIONAL BERHAD (CIMB) |
| Stock Name | YTLPOWR-C23 |
| Date Announced | 31 Jul 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-31072023-00010 |
| Corporate Action ID | MY230731EXWA0010 |