Structured Warrants - Final Settlement
| HSBC-C12: CW HSBC HOLDINGS PLC (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HSBC HOLDINGS PLC ("HSBC") ("HSBC-C12") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 07 Aug 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.3694 |
| Payment Date | 16 Aug 2023 |
We wish to announce that HSBC-C12 had expired at 9.00 a.m. on 7 August 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSBC-C12 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) x Settlement Exchange Rate
= Number of HSBC-C12 exercised x (1/20) x (HKD64.6487 - HKD52.0000) x RM/HKD0.5841
= Number of HSBC-C12 exercised x RM0.3694
The Closing Price of HKD64.6487 is the average daily volume weighted average price (VWAP) of the ordinary shares of HSBC on The Stock Exchange of Hong Kong Limited for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HSBC-C12 is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 7 August 2023. |
Announcement Info
| Company Name | HSBC-C12: CW HSBC HOLDINGS PLC (KIBB) |
| Stock Name | HSBC-C12 |
| Date Announced | 07 Aug 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-07082023-00001 |
| Corporate Action ID | MY230807EXWA0001 |