KGB-CC

0.225

(%)

Structured Warrants - Final Settlement

KGB-CC: CW KELINGTON GROUP BERHAD (RHB)

Description
RHB INVESTMENT BANK BERHAD ("RHBIB")

EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KELINGTON GROUP BERHAD ("KGB") ("KGB-CC")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 29 Jan 2024 09:00 AM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.2263
Payment Date 08 Feb 2024

We are pleased to announce that KGB-CC have expired at 9.00 a.m. on 29 January 2024 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per KGB-CC) (if the said amount is greater than zero).

The Settlement Price has been determined at RM2.2920 being the arithmetic mean of the closing price of KGB Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 
Cash Settlement Amount

= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of KGB-CC exercised - 0.30%

= {(RM2.2920 - RM1.5000) / 3.5 } x Number of KGB-CC exercised - 0.30%

= RM0.2263 x Number of KGB-CC exercised - 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.


This announcement is dated 29 January 2024.



Announcement Info

Company Name KGB-CC: CW KELINGTON GROUP BERHAD (RHB)
Stock Name KGB-CC
Date Announced 29 Jan 2024
Category Structured Warrants - Final Settlement
Reference Number SWF-26012024-00007
Corporate Action ID MY240126EXWA0007