Structured Warrants - Final Settlement
| BAT-C20: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD ("BAT") ("BAT-C20") |
| 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 | Out of the Money/At the Money |
We wish to announce that BAT-C20 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 BAT-C20 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of BAT-C20 exercised x (1/10) x (RM10.0899 - RM10.8800)
= Number of BAT-C20 exercised x RM0.0000
The Closing Price of RM10.0899 is the average daily volume weighted average price (VWAP) of the ordinary shares of BAT on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The BAT-C20 is deemed to have been automatically exercised on the Expiry Date.
As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised BAT-C20 will cease to be valid and all our obligations in respect to BAT-C20 shall terminate absolutely.
This announcement is dated 21 August 2023. |
Announcement Info
| Company Name | BAT-C20: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (KIBB) |
| Stock Name | BAT-C20 |
| Date Announced | 21 Aug 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-21082023-00004 |
| Corporate Action ID | MY230821EXWA0004 |