Structured Warrants - Final Settlement
| 99SMART-CN: CW 99 SPEED MART RETAIL HOLDINGS BERHAD (CIMB) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF 99 SPEED MART RETAIL HOLDINGS BERHAD ("99SMART") ("99SMART-CN") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Apr 2025 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that 99SMART-CN expired at 5.00 p.m. on 30 April 2025 ("Expiry Date").
The Closing Price of RM2.21448 was determined based on the average volume weighted average market price of 99SMART shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
As the Closing Price is lower than 99SMART-CN's Exercise Price of RM2.50, holders of 99SMART-CN will not be entitled to receive any payment from us. All outstanding and unexercised 99SMART-CN will cease to be valid and all of our obligations in respect of the 99SMART-CN shall terminate absolutely.
This announcement is dated 30 April 2025. |
Announcement Info
| Company Name | 99SMART-CN: CW 99 SPEED MART RETAIL HOLDINGS BERHAD (CIMB) |
| Stock Name | 99SMART-CN |
| Date Announced | 30 Apr 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30042025-00079 |
| Corporate Action ID | MY250430EXWA0079 |