Structured Warrants - Final Settlement
| WCT-C28: CW WCT HOLDINGS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF WCT HOLDINGS BERHAD ("WCT") ("WCT-C28") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 21 Apr 2025 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0311 |
| Payment Date | 30 Apr 2025 |
We wish to announce that WCT-C28 had expired at 9.00 a.m. on 21 April 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of WCT-C28 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of WCT-C28 exercised x (1/1.5) x (RM0.6266 - RM0.5800)
= Number of WCT-C28 exercised x RM0.0311
The Closing Price of RM0.6266 is the average daily volume weighted average price (VWAP) of the ordinary shares of WCT on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The WCT-C28 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 21 April 2025. |
Announcement Info
| Company Name | WCT-C28: CW WCT HOLDINGS BERHAD (KIBB) |
| Stock Name | WCT-C28 |
| Date Announced | 21 Apr 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-21042025-00010 |
| Corporate Action ID | MY250421EXWA0010 |