Structured Warrants - Final Settlement
| WCT-C24: CW WCT HOLDINGS BERHAD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF WCT HOLDINGS BERHAD ("WCT") ("WCT-C24") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 May 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0155 |
| Payment Date | 10 Jun 2024 |
We wish to announce that WCT-C24 has expired at 5.00 p.m. on 29 May 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of WCT-C24 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of WCT-C24 x (RM0.5310 - RM0.5000) x (1/2)
= Number of WCT-C24 x RM0.0155
The Closing Price of RM0.5310 was determined based on the average closing price of the WCT Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.
This announcement is dated 29 May 2024. |
Announcement Info
| Company Name | WCT-C24: CW WCT HOLDINGS BERHAD (AFFIN) |
| Stock Name | WCT-C24 |
| Date Announced | 29 May 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29052024-00007 |
| Corporate Action ID | MY240529EXWA0007 |