Structured Warrants - Final Settlement
| WCT-C22: CW WCT HOLDINGS BHD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF WCT HOLDINGS BERHAD ("WCT") ("WCT-C22") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Jul 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.6554 |
| Payment Date | 07 Aug 2024 |
We wish to announce that WCT-C22 had expired at 9.00 a.m. on 29 July 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of WCT-C22 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of WCT-C22 exercised x (1/1) x (RM1.2554 - RM0.6000)
= Number of WCT-C22 exercised x RM0.6554
The Closing Price of RM1.2554 is the average daily volume weighted average price (VWAP) of the ordinary shares of WCT on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The WCT-C22 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 29 July 2024. |
Announcement Info
| Company Name | WCT-C22: CW WCT HOLDINGS BHD (KIBB) |
| Stock Name | WCT-C22 |
| Date Announced | 29 Jul 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29072024-00026 |
| Corporate Action ID | MY240729EXWA0026 |