Structured Warrants - Final Settlement
| YTLPOWR-HE: PW YTL POWER INTERNATIONAL BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER ORDINARY SHARES OF YTL POWER INTERNATIONAL BERHAD ("YTLPOWR") ("YTLPOWR-HE") |
| 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) 0.0439 |
| Payment Date | 07 Nov 2024 |
We wish to announce that YTLPOWR-HE 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 YTLPOWR-HE exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price)
= Number of YTLPOWR-HE exercised x (1/4) x (RM3.5000 - RM3.3244)
= Number of YTLPOWR-HE exercised x RM0.0439
The Closing Price of RM3.3244 is the is the average daily volume weighted average price (VWAP) of the ordinary shares of YTLPOWR on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTLPOWR-HE 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 | YTLPOWR-HE: PW YTL POWER INTERNATIONAL BERHAD (KIBB) |
| Stock Name | YTLPOWR-HE |
| Date Announced | 28 Oct 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28102024-00022 |
| Corporate Action ID | MY241028EXWA0022 |