We are pleased to announce that TESLA-C4 have expired at 9.00 a.m. on 15 March 2024 ("Expiry Date") and the Holders shall be entitled to the Cash Settlement Amount (per TESLA-C4) (if the said amount is greater than zero).

The Settlement Price has been determined at USD172.5260, being the volume weighted average price (VWAP) of TESLA Stocks on the Nasdaq Stock Market LLC for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 

The Cash Settlement Amount shall be converted to RM prior to payment, using the prevailing rate of exchange being USD/MYR4.7045 on the Exercise Date at or about 5.00 p.m. Malaysia time ("Settlement Exchange Rate").

Cash Settlement Amount 

= {(Settlement Price - Exercise Price) / Exercise Ratio} x Settlement Exchange Rate x Number of TESLA-C4 exercised - 0.30%

= {(USD172.5260 - USD288.0000) / 1000} x 4.7045 x Number of TESLA-C4 exercised - 0.30%

= RM0.0000 x Number of TESLA-C4 exercised - 0.30%

As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Holders will not be entitled to receive any payment of the Cash Settlement Amount.


This announcement is dated 15 March 2024.