Structured Warrants - Final Settlement
| PECCA-CA: CW PECCA GROUP BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PECCA GROUP BERHAD ("PECCA") ("PECCA-CA") |
| 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) 0.1366 |
| Payment Date | 08 Feb 2024 |
We wish to announce that PECCA-CA had expired at 9.00 a.m. on 29 January 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of PECCA-CA exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of PECCA-CA exercised x (1/2) x (RM1.3532 - RM1.0800)
= Number of PECCA-CA exercised x RM0.1366
The Closing Price of RM1.3532 is the average daily volume weighted average price (VWAP) of the ordinary shares of PECCA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The PECCA-CA is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 29 January 2024. |
Announcement Info
| Company Name | PECCA-CA: CW PECCA GROUP BERHAD (KIBB) |
| Stock Name | PECCA-CA |
| Date Announced | 29 Jan 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29012024-00010 |
| Corporate Action ID | MY240129EXWA0010 |