Structured Warrants - Final Settlement
| MHB-C19: CW MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD ("MHB") ("MHB-C19") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 09 Sep 2024 10:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that MHB-C19 had expired at 9.00 a.m. on 9 September 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of MHB-C19 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of MHB-C19 exercised x (1/1.5) x (RM0.4547 - RM0.5800)
= Number of MHB-C19 exercised x RM0.0000
The Closing Price of RM0.4547 is the average daily volume weighted average price (VWAP) of the ordinary shares of MHB on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The MHB-C19 is deemed to have been automatically exercised on the Expiry Date.
As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised MHB-C19 will cease to be valid and all our obligations in respect to MHB-C19 shall terminate absolutely.
This announcement is dated 9 September 2024. |
Announcement Info
| Company Name | MHB-C19: CW MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (KIBB) |
| Stock Name | MHB-C19 |
| Date Announced | 09 Sep 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-09092024-00009 |
| Corporate Action ID | MY240909EXWA0009 |