Structured Warrants - Final Settlement
| SUNCON-C19: CW SUNWAY CONSTRUCTION GROUP BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") ("SUNCON SHARE") ("SUNCON-C19") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 Mar 2025 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0514 |
| Payment Date | 08 Apr 2025 |
We wish to announce that SUNCON-C19 expired at 5.00 p.m. on 26 March 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SUNCON-C19 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SUNCON-C19 x (RM4.4109 - RM4.0000) x (1/8)
= Number of SUNCON-C19 x RM0.0514
The Closing Price of RM 4.4109 is the average volume-weighted average price (VWAP) of the SUNCON 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 26 March 2025. |
Announcement Info
| Company Name | SUNCON-C19: CW SUNWAY CONSTRUCTION GROUP BERHAD (AM) |
| Stock Name | SUNCON-C19 |
| Date Announced | 26 Mar 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26032025-00002 |
| Corporate Action ID | MY250326EXWA0002 |