Structured Warrants - Final Settlement
| TENAGA-C1M: CW TENAGA NASIONAL BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA-C1M") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 21 Aug 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1276 |
| Payment Date | 30 Aug 2023 |
We wish to announce that TENAGA-C1M had expired at 9.00 a.m. on 21 August 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of TENAGA-C1M exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of TENAGA-C1M exercised x (1/8) x (RM9.9011 - RM8.8800)
= Number of TENAGA-C1M exercised x RM0.1276
The Closing Price of RM9.9011 is the average daily volume weighted average price (VWAP) of the ordinary shares of TENAGA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The TENAGA-C1M 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 21 August 2023. |
Announcement Info
| Company Name | TENAGA-C1M: CW TENAGA NASIONAL BERHAD (KIBB) |
| Stock Name | TENAGA-C1M |
| Date Announced | 21 Aug 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-21082023-00011 |
| Corporate Action ID | MY230821EXWA0011 |