Structured Warrants - Final Settlement
| YTLPOWR-C30: CW YTL POWER INTERNATIONAL BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF YTL POWER INTERNATIONAL BERHAD ("YTLPOWR") ("YTLPOWR-C30") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 10 Jun 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 1.8574 |
| Payment Date | 20 Jun 2024 |
We wish to announce that YTLPOWR-C30 had expired at 9.00 a.m. on 10 June 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of YTLPOWR-C30 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of YTLPOWR-C30 exercised x (1/2) x (RM4.9948 - RM1.2800)
= Number of YTLPOWR-C30 exercised x RM1.8574
The Closing Price of RM4.9948 is the average daily volume weighted average price (VWAP) of the ordinary shares of YTLPOWR on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTLPOWR-C30 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 10 June 2024. |
Announcement Info
| Company Name | YTLPOWR-C30: CW YTL POWER INTERNATIONAL BERHAD (KIBB) |
| Stock Name | YTLPOWR-C30 |
| Date Announced | 10 Jun 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10062024-00011 |
| Corporate Action ID | MY240610EXWA0011 |