Structured Warrants - Final Settlement
| FRONTKN-C25: CW FRONTKEN CORPORATION BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF FRONTKEN CORPORATION BERHAD ("FRONTKN") ("FRONTKN-C25") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 25 Sep 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that FRONTKN-C25 has expired at 9.00 a.m. on 25 September 2023 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per FRONTKN-C25) (if the said amount is greater than zero).
The Settlement Price has been determined at RM3.2040 being the arithmetic mean of the closing price of FRONTKN Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio} x Number of FRONTKN-C25 exercised - 0.30%
= {(RM3.2040 - RM3.4000) / 5} x Number of FRONTKN-C25 exercised - 0.30%
= RM0.0000 x Number of FRONTKN-C25 exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 25 September 2023. |
Announcement Info
| Company Name | FRONTKN-C25: CW FRONTKEN CORPORATION BERHAD (RHB) |
| Stock Name | FRONTKN-C25 |
| Date Announced | 25 Sep 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-25092023-00030 |
| Corporate Action ID | MY230925EXWA0030 |