Structured Warrants - Final Settlement
09/11/2020Structured Warrants - Final Settlement
| GTRONIC-C4: CW GLOBETRONICS TECHNOLOGY BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD (''KIBB'')
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GLOBETRONICS TECHNOLOGY BERHAD (''GTRONIC'') (''GTRONIC-C4'') |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 09 Nov 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.2882 |
| Payment Date | 18 Nov 2020 |
We wish to announce that GTRONIC-C4 had expired at 9.00 a.m. on 9 November 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of GTRONIC-C4 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of GTRONIC-C4 exercised x (1/3) x (RM2.8646 - RM2.0000)
= Number of GTRONIC-C4 exercised x RM0.2882
The Closing Price of RM2.8646 is the average daily volume weighted average price (VWAP) of the ordinary shares of GTRONIC for the five (5) market days prior to and including the market day immediately before the Expiry Date. The GTRONIC-C4 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 9 November 2020. |
Announcement Info
| Company Name | GTRONIC-C4: CW GLOBETRONICS TECHNOLOGY BERHAD (KIBB) |
| Stock Name | GTRONIC-C4 |
| Date Announced | 09 Nov 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-09112020-00011 |
| Corporate Action ID | MY201109EXWA0011 |