Structured Warrants - Final Settlement
| CYPARK-CE: CW CYPARK RESOURCES BERHAD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CYPARK RESOURCES BERHAD ("CYPARK") ("CYPARK-CE") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Aug 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that CYPARK-CE has expired at 5.00 p.m. on 28 August 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of CYPARK-CE x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of CYPARK-CE x (RM0.6730 - RM0.8800) x (1/2)
= Number of CYPARK-CE x RM0.0000
The Closing Price of RM0.6730 was determined based on the average closing price of the CYPARK 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.
As the Cash Settlement Amount is less than zero, Holders will not be entitled to receive any payment from us and all outstanding and unexercised CYPARK-CE will cease to be valid and all our obligations in respect to CYPARK-CE shall terminate absolutely.
This announcement is dated 28 August 2024. |
Announcement Info
| Company Name | CYPARK-CE: CW CYPARK RESOURCES BERHAD (AFFIN) |
| Stock Name | CYPARK-CE |
| Date Announced | 28 Aug 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28082024-00006 |
| Corporate Action ID | MY240828EXWA0006 |