Structured Warrants - Final Settlement
| HAPSENG-CZ: CW HAP SENG CONSOLIDATED BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF HAP SENG CONSOLIDATED BERHAD ("HAPSENG") ("HAPSENG SHARE") ("HAPSENG-CZ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 14 Feb 2025 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HAPSENG-CZ expired at 5.00 p.m. on 14 February 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of HAPSENG-CZ x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of HAPSENG-CZ x (RM3.4133 - RM4.7000) x (1/8)
= Number of HAPSENG-CZ x RM0.0000
The Closing Price of RM 3.4133 is the average volume-weighted average price (VWAP) of the HAPSENG Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and HAPSENG-CZ shall become void and cease to have exercise rights and our obligation in respect of HAPSENG-CZ shall terminate absolutely.
This announcement is dated 14 February 2025. |
Announcement Info
| Company Name | HAPSENG-CZ: CW HAP SENG CONSOLIDATED BERHAD (AM) |
| Stock Name | HAPSENG-CZ |
| Date Announced | 14 Feb 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-14022025-00005 |
| Corporate Action ID | MY250214EXWA0005 |