Structured Warrants - Final Settlement
| YTL-HD: PW YTL CORPORATION BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER ORDINARY SHARES OF YTL CORPORATION BERHAD ("YTL") ("YTL-HD") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Oct 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0125 |
| Payment Date | 07 Nov 2024 |
We wish to announce that YTL-HD had expired at 9.00 a.m. on 28 October 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of YTL-HD exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price)
= Number of YTL-HD exercised x (1/2) x (RM2.2000 - RM2.1750)
= Number of YTL-HD exercised x RM0.0125
The Closing Price of RM2.1750 is the is the average daily volume weighted average price (VWAP) of the ordinary shares of YTL on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTL-HD 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 28 October 2024. |
Announcement Info
| Company Name | YTL-HD: PW YTL CORPORATION BERHAD (KIBB) |
| Stock Name | YTL-HD |
| Date Announced | 28 Oct 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28102024-00021 |
| Corporate Action ID | MY241028EXWA0021 |