Structured Warrants - Final Settlement
| HENGYUANC48: CW HENGYUAN REFINING COMPANY BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HENGYUAN REFINING COMPANY BERHAD ("HENGYUAN") ("HENGYUANC48") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 Feb 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HENGYUANC48 had expired at 9.00 a.m. on 26 February 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HENGYUANC48 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of HENGYUANC48 exercised x (1/5) x (RM3.1482 - RM4.2800)
= Number of HENGYUANC48 exercised x RM0.0000
The Closing Price of RM3.1482 is the average daily volume weighted average price (VWAP) of the ordinary shares of HENGYUAN on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HENGYUANC48 is deemed to have been automatically exercised on the Expiry Date.
As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised HENGYUANC48 will cease to be valid and all our obligations in respect to HENGYUANC48 shall terminate absolutely.
This announcement is dated 26 February 2024. |
Announcement Info
| Company Name | HENGYUANC48: CW HENGYUAN REFINING COMPANY BERHAD (KIBB) |
| Stock Name | HENGYUANC48 |
| Date Announced | 26 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26022024-00006 |
| Corporate Action ID | MY240226EXWA0006 |