Structured Warrants - Final Settlement
| RCECAP-CE: CW RCE CAPITAL BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF RCE CAPITAL BERHAD ("RCECAP") ("RCECAP-CE") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 25 Mar 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.4291 |
| Payment Date | 04 Apr 2024 |
We wish to announce that RCECAP-CE had expired at 9.00 a.m. on 25 March 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of RCECAP-CE exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of RCECAP-CE exercised x (1/2) x (RM2.8582 - RM2.0000)
= Number of RCECAP-CE exercised x RM0.4291
The Closing Price of RM2.8582 is the average daily volume weighted average price (VWAP) of the ordinary shares of RCECAP on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The RCECAP-CE is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 25 March 2024. |
Announcement Info
| Company Name | RCECAP-CE: CW RCE CAPITAL BERHAD (KIBB) |
| Stock Name | RCECAP-CE |
| Date Announced | 25 Mar 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-25032024-00006 |
| Corporate Action ID | MY240325EXWA0006 |