DXN-CE

0.005

(%)

Structured Warrants - Final Settlement

DXN-CE: CW DXN HOLDINGS BHD. (RHB)

Description
RHB INVESTMENT BANK BERHAD ("RHBIB")

EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DXN HOLDINGS BHD. ("DXN") ("DXN-CE")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 26 Mar 2024 09:00 AM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We are pleased to announce that DXN-CE have expired at 9.00 a.m. on 26 March 2024 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per DXN-CE) (if the said amount is greater than zero).

The Settlement Price has been determined at RM0.6230 being the arithmetic mean of the closing price of DXN 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

= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of DXN-CE exercised - 0.30%

= {(RM0.6230 - RM0.6600) / 2 } x Number of DXN-CE exercised - 0.30%

= RM0.0000 x Number of DXN-CE 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 March 2024.



Announcement Info

Company Name DXN-CE: CW DXN HOLDINGS BHD. (RHB)
Stock Name DXN-CE
Date Announced 26 Mar 2024
Category Structured Warrants - Final Settlement
Reference Number SWF-26032024-00036
Corporate Action ID MY240326EXWA0036