Structured Warrants - Final Settlement
| TENAGA-C2I: CW TENAGA NASIONAL BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA SHARE") ("TENAGA-C2I") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 31 Dec 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1975 |
| Payment Date | 10 Jan 2025 |
We wish to announce that TENAGA-C2I expired at 5.00 p.m. on 31 December 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of TENAGA-C2I x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of TENAGA-C2I x (RM14.3702 - RM12.0000) x (1/12)
= Number of TENAGA-C2I x RM0.1975
The Closing Price of RM 14.3702 is the average volume-weighted average price (VWAP) of the TENAGA 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 31 December 2024. |
Announcement Info
| Company Name | TENAGA-C2I: CW TENAGA NASIONAL BERHAD (AM) |
| Stock Name | TENAGA-C2I |
| Date Announced | 31 Dec 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-31122024-00019 |
| Corporate Action ID | MY241231EXWA0019 |