Structured Warrants - Final Settlement
| DXN-CH: CW DXN HOLDINGS BHD. (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DXN HOLDINGS BHD. ("DXN") ("DXN-CH") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 23 Feb 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that DXN-CH has expired at 5.00 p.m. on 23 February 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of DXN-CH x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of DXN-CH x (RM0.6430 - RM0.7000) x (1/2)
= Number of DXN-CH x RM0.0000
The Closing Price of RM0.6430 was determined based on the average closing price of the DXN Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, Holders will not be entitled to receive any payment from us and all outstanding and unexercised DXN-CH will cease to be valid and all our obligations in respect to DXN-CH shall terminate absolutely.
This announcement is dated 23 February 2024. |
Announcement Info
| Company Name | DXN-CH: CW DXN HOLDINGS BHD. (AFFIN) |
| Stock Name | DXN-CH |
| Date Announced | 23 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-23022024-00005 |
| Corporate Action ID | MY240223EXWA0005 |