PENTA-C29

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Structured Warrants - Final Settlement

PENTA-C29: CW PENTAMASTER CORPORATION BERHAD (KIBB)

Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PENTAMASTER CORPORATION BERHAD ("PENTA") ("PENTA-C29")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 06 Nov 2023 09:00 AM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.0785
Payment Date 16 Nov 2023

We wish to announce that PENTA-C29 had expired at 9.00 a.m. on 6 November 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of PENTA-C29 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of PENTA-C29 exercised x (1/5) x (RM4.9425 - RM4.5500) 
= Number of PENTA-C29 exercised x RM0.0785 

The Closing Price of RM4.9425 is the average daily volume weighted average price (VWAP) of the ordinary shares of PENTA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The PENTA-C29 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 6 November 2023.



Announcement Info

Company Name PENTA-C29: CW PENTAMASTER CORPORATION BERHAD (KIBB)
Stock Name PENTA-C29
Date Announced 06 Nov 2023
Category Structured Warrants - Final Settlement
Reference Number SWF-06112023-00008
Corporate Action ID MY231106EXWA0008