Structured Warrants - Final Settlement
| TOPGLOV-HK: PW TOP GLOVE CORPORATION BHD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BERHAD ("TOPGLOV") ("TOPGLOV-HK") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 23 Feb 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0530 |
| Payment Date | 05 Mar 2024 |
We wish to announce that TOPGLOV-HK 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 TOPGLOV-HK x (Exercise Price - Closing Price) x (1/Exercise Ratio)
= Number of TOPGLOV-HK x (RM1.0000 - RM0.8940) x (1/2)
= Number of TOPGLOV-HK x RM0.0530
The Closing Price of RM0.8940 was determined based on the average closing price of the TOPGLOV 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.
The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.
This announcement is dated 23 February 2024. |
Announcement Info
| Company Name | TOPGLOV-HK: PW TOP GLOVE CORPORATION BHD (AFFIN) |
| Stock Name | TOPGLOV-HK |
| Date Announced | 23 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-23022024-00009 |
| Corporate Action ID | MY240223EXWA0009 |