HIBISCS-C49

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Structured Warrants - Final Settlement

HIBISCS-C49: CW HIBISCUS PETROLEUM BERHAD (CIMB)

Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HIBISCUS PETROLEUM BERHAD ("HIBISCS") ("HIBISCS-C49")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Nov 2023 05:00 PM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.0816
Payment Date 11 Dec 2023

We wish to announce that HIBISCS-C49 expired at 5.00 p.m. on 30 Nov 2023 ("Expiry Date"). The Cash Settlement Amount is as follows:

Cash Settlement Amount	=	Number of HIBISCS-C49 x (Closing Price - Exercise Price) x  (1/Exercise Ratio)
	=	Number of HIBISCS-C49 x (RM2.5791 - RM2.375) x (1/2.50)
	=	Number of HIBISCS-C49 x RM0.0816

The Closing Price of RM2.5791 was determined based on the arithmetic mean of daily volume weighted average market price of HIBISCS shares for the 5 market days prior to and including the market day immediately before the Expiry Date.


The Cash Settlement Amount shall be made by way of cheque or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to holders of HIBISCS-C49 by ordinary post.

This announcement is dated 30 November 2023.



Announcement Info

Company Name HIBISCS-C49: CW HIBISCUS PETROLEUM BERHAD (CIMB)
Stock Name HIBISCS-C49
Date Announced 30 Nov 2023
Category Structured Warrants - Final Settlement
Reference Number SWF-30112023-00019
Corporate Action ID MY231130EXWA0019