Structured Warrants - Final Settlement
BPLANT-CG: CW BOUSTEAD PLANTATIONS BERHAD (KIBB) |
Description | KENANGA INVESTMENT BANK BERHAD ("KIBB") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BOUSTEAD PLANTATIONS BERHAD ("BPLANT") ("BPLANT-CG") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 04 Sep 2023 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.4124 |
Payment Date | 13 Sep 2023 |
We wish to announce that BPLANT-CG had expired at 9.00 a.m. on 4 September 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below: Cash Settlement Amount = Number of BPLANT-CG exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) = Number of BPLANT-CG exercised x (1/2) x (RM1.5047 - RM0.6800) = Number of BPLANT-CG exercised x RM0.4124 The Closing Price of RM1.5047 is the average daily volume weighted average price (VWAP) of the ordinary shares of BPLANT on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The BPLANT-CG 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 4 September 2023. |
Announcement Info
Company Name | BPLANT-CG: CW BOUSTEAD PLANTATIONS BERHAD (KIBB) |
Stock Name | BPLANT-CG |
Date Announced | 04 Sep 2023 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-04092023-00005 |
Corporate Action ID | MY230904EXWA0005 |