Structured Warrants - Final Settlement
| GAMUDA-C1Y: CW GAMUDA BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GAMUDA BERHAD ("GAMUDA") ("GAMUDA-C1Y") |
| 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) 0.7484 |
| Payment Date | 07 Aug 2024 |
We wish to announce that GAMUDA-C1Y 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 GAMUDA-C1Y exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of GAMUDA-C1Y exercised x (1/4) x (RM7.9934 - RM5.0000)
= Number of GAMUDA-C1Y exercised x RM0.7484
The Closing Price of RM7.9934 is the average daily volume weighted average price (VWAP) of the ordinary shares of GAMUDA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The GAMUDA-C1Y 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 | GAMUDA-C1Y: CW GAMUDA BERHAD (KIBB) |
| Stock Name | GAMUDA-C1Y |
| Date Announced | 29 Jul 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29072024-00018 |
| Corporate Action ID | MY240729EXWA0018 |