Structured Warrants - Final Settlement
| SUNWAY-C23: CW SUNWAY BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD (“KIBB”) EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUNWAY BERHAD (“SUNWAY”) (“SUNWAY-C23”) |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 10 Feb 2025 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.6311 |
| Payment Date | 20 Feb 2025 |
We wish to announce that SUNWAY-C23 had expired at 9.00 a.m. on 10 February 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of SUNWAY-C23 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of SUNWAY-C23 exercised x (1/2) x (RM4.4421 - RM3.1800)
= Number of SUNWAY-C23 exercised x RM0.6311
The Closing Price of RM4.4421 is the average daily volume weighted average price (VWAP) of the ordinary shares of SUNWAY on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SUNWAY-C23 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 10 February 2025. |
Announcement Info
| Company Name | SUNWAY-C23: CW SUNWAY BERHAD (KIBB) |
| Stock Name | SUNWAY-C23 |
| Date Announced | 10 Feb 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10022025-00009 |
| Corporate Action ID | MY250210EXWA0009 |