Structured Warrants - Final Settlement
| MALAKOFC51: CW MALAKOFF CORPORATION BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAKOFF CORPORATION BERHAD ("MALAKOF") ("MALAKOF SHARE") ("MALAKOFC51") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 21 Dec 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that MALAKOFC51 expired at 5.00 p.m. on 21 December 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of MALAKOFC51 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MALAKOFC51 x (RM0.6262 - RM0.7000) x (1/1)
= Number of MALAKOFC51 x RM0.0000
The Closing Price of RM 0.6262 is the average volume-weighted average price (VWAP) of the MALAKOF 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 MALAKOFC51 shall become void and cease to have exercise rights and our obligation in respect of MALAKOFC51 shall terminate absolutely.
This announcement is dated 21 December 2023. |
Announcement Info
| Company Name | MALAKOFC51: CW MALAKOFF CORPORATION BERHAD (AM) |
| Stock Name | MALAKOFC51 |
| Date Announced | 21 Dec 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-21122023-00006 |
| Corporate Action ID | MY231221EXWA0006 |