Structured Warrants - Final Settlement
| TOPGLOV-C4F: CW TOP GLOVE CORPORATION BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BHD ("TOPGLOV") ("TOPGLOV SHARE") ("TOPGLOV-C4F") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 13 Dec 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.2165 |
| Payment Date | 24 Dec 2024 |
We wish to announce that TOPGLOV-C4F expired at 5.00 p.m. on 13 December 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of TOPGLOV-C4F x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of TOPGLOV-C4F x (RM1.3330 - RM0.9000) x (1/2)
= Number of TOPGLOV-C4F x RM0.2165
The Closing Price of RM 1.3330 is the average volume-weighted average price (VWAP) of the TOPGLOV Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 13 December 2024. |
Announcement Info
| Company Name | TOPGLOV-C4F: CW TOP GLOVE CORPORATION BHD (AM) |
| Stock Name | TOPGLOV-C4F |
| Date Announced | 13 Dec 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-13122024-00007 |
| Corporate Action ID | MY241213EXWA0007 |