TOPGLOV-C3I

0.045

(%)

Structured Warrants - Final Settlement

TOPGLOV-C3I: CW TOP GLOVE CORPORATION BHD (AM)

Description
AMBANK (M) BERHAD ("AMBANK")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BHD ("TOPGLOV") ("TOPGLOV SHARE") ("TOPGLOV-C3I")
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) 0.0458
Payment Date 11 Dec 2023

We wish to announce that TOPGLOV-C3I 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 TOPGLOV-C3I x (Closing Price - Exercise Price) x (1/Exercise Ratio)

= Number of TOPGLOV-C3I x (RM0.8831 - RM0.7000) x (1/4)

= Number of TOPGLOV-C3I x RM0.0458 

The Closing Price of RM 0.8831 is the average volume-weighted average price (VWAP) of the TOPGLOV Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date. 

The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.


This announcement is dated 30 November 2023.



Announcement Info

Company Name TOPGLOV-C3I: CW TOP GLOVE CORPORATION BHD (AM)
Stock Name TOPGLOV-C3I
Date Announced 30 Nov 2023
Category Structured Warrants - Final Settlement
Reference Number SWF-30112023-00010
Corporate Action ID MY231130EXWA0010