Structured Warrants - Final Settlement
| PADINI-C15: CW PADINI HOLDINGS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PADINI HOLDINGS BERHAD ("PADINI") ("PADINI SHARE") ("PADINI-C15") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Aug 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that PADINI-C15 expired at 5.00 p.m. on 30 August 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of PADINI-C15 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of PADINI-C15 x (RM3.2985 - RM4.0000) x (1/5)
= Number of PADINI-C15 x RM0.0000
The Closing Price of RM 3.2985 is the average volume-weighted average price (VWAP) of the PADINI Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and PADINI-C15 shall become void and cease to have exercise rights and our obligation in respect of PADINI-C15 shall terminate absolutely.
This announcement is dated 30 August 2024. |
Announcement Info
| Company Name | PADINI-C15: CW PADINI HOLDINGS BERHAD (AM) |
| Stock Name | PADINI-C15 |
| Date Announced | 30 Aug 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30082024-00012 |
| Corporate Action ID | MY240830EXWA0012 |