Structured Warrants - Final Settlement
| PERTAMA-CD: CW PERTAMA DIGITAL BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PERTAMA DIGITAL BERHAD ("PERTAMA") ("PERTAMA-CD") |
| 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) 0.1123 |
| Payment Date | 08 Feb 2024 |
We wish to announce that PERTAMA-CD 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 PERTAMA-CD exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of PERTAMA-CD exercised x (1/5) x (RM2.6414 - RM2.0800)
= Number of PERTAMA-CD exercised x RM0.1123
The Closing Price of RM2.6414 is the average daily volume weighted average price (VWAP) of the ordinary shares of PERTAMA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The PERTAMA-CD 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 | PERTAMA-CD: CW PERTAMA DIGITAL BERHAD (KIBB) |
| Stock Name | PERTAMA-CD |
| Date Announced | 29 Jan 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29012024-00012 |
| Corporate Action ID | MY240129EXWA0012 |