Structured Warrants - Final Settlement
| YTLPOWR-HA: PW YTL POWER INTERNATIONAL BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED PUT WARRANTS OVER ORDINARY SHARES OF YTL POWER INTERNATIONAL BERHAD ("YTLPOWR") ("YTLPOWR-HA") |
| Instrument Type | PUT 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 are pleased to announce that YTLPOWR-HA have expired at 9.00 a.m. on 26 February 2024 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per YTLPOWR-HA) (if the said amount is greater than zero).
The Settlement Price has been determined at RM3.8840 being the arithmetic mean of the closing price of YTLPOWR Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Exercise Price - Settlement Price) / Exercise Ratio } x Number of YTLPOWR-HA exercised - 0.30%
= {(RM0.9500 - RM3.8840) / 1 } x YTLPOWR-HA exercised - 0.30%
= RM0.0000 x Number of YTLPOWR-HA exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 26 February 2024. |
Announcement Info
| Company Name | YTLPOWR-HA: PW YTL POWER INTERNATIONAL BERHAD (RHB) |
| Stock Name | YTLPOWR-HA |
| Date Announced | 26 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-23022024-00012 |
| Corporate Action ID | MY240223EXWA0012 |