Structured Warrants - Final Settlement
| SKPRES-C23: CW SKP RESOURCES BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SKP RESOURCES BHD ("SKPRES") ("SKPRES SHARE") ("SKPRES-C23") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 Jul 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0114 |
| Payment Date | 06 Aug 2024 |
We wish to announce that SKPRES-C23 expired at 5.00 p.m. on 26 July 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SKPRES-C23 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SKPRES-C23 x (RM1.2343 - RM1.2000) x (1/3)
= Number of SKPRES-C23 x RM0.0114
The Closing Price of RM 1.2343 is the average volume-weighted average price (VWAP) of the SKPRES Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 26 July 2024. |
Announcement Info
| Company Name | SKPRES-C23: CW SKP RESOURCES BHD (AM) |
| Stock Name | SKPRES-C23 |
| Date Announced | 26 Jul 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26072024-00003 |
| Corporate Action ID | MY240726EXWA0003 |