Structured Warrants - Final Settlement
| ANNJOO-CY: CW ANN JOO RESOURCES BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ANN JOO RESOURCES BERHAD ("ANNJOO") ("ANNJOO SHARE") ("ANNJOO-CY") |
| 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 | Out of the Money/At the Money |
We wish to announce that ANNJOO-CY expired at 5.00 p.m. on 30 November 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of ANNJOO-CY x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of ANNJOO-CY x (RM1.1169 - RM1.5000) x (1/4)
= Number of ANNJOO-CY x RM0.0000
The Closing Price of RM 1.1169 is the average volume-weighted average price (VWAP) of the ANNJOO Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and ANNJOO-CY shall become void and cease to have exercise rights and our obligation in respect of ANNJOO-CY shall terminate absolutely.
This announcement is dated 30 November 2023. |
Announcement Info
| Company Name | ANNJOO-CY: CW ANN JOO RESOURCES BERHAD (AM) |
| Stock Name | ANNJOO-CY |
| Date Announced | 30 Nov 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30112023-00009 |
| Corporate Action ID | MY231130EXWA0009 |