Structured Warrants - Final Settlement
| YTLPOWR-C26: CW YTL POWER INTERNATIONAL BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF YTL POWER INTERNATIONAL BERHAD ("YTLPOWR") ("YTLPOWR SHARE") ("YTLPOWR-C26") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Feb 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 1.4023 |
| Payment Date | 11 Mar 2024 |
We wish to announce that YTLPOWR-C26 expired at 5.00 p.m. on 29 February 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of YTLPOWR-C26 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of YTLPOWR-C26 x (RM4.0045 - RM1.2000) x (1/2)
= Number of YTLPOWR-C26 x RM1.4023
The Closing Price of RM 4.0045 is the average volume-weighted average price (VWAP) of the YTLPOWR Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 29 February 2024. |
Announcement Info
| Company Name | YTLPOWR-C26: CW YTL POWER INTERNATIONAL BERHAD (AM) |
| Stock Name | YTLPOWR-C26 |
| Date Announced | 29 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29022024-00021 |
| Corporate Action ID | MY240229EXWA0021 |