Structured Warrants - Final Settlement
16/08/2021Structured Warrants - Final Settlement
| UCHITEC-CI: CW UCHI TECHNOLOGIES BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UCHI TECHNOLOGIES BERHAD ("UCHITEC") ("UCHITEC-CI") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 16 Aug 2021 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0059 |
| Payment Date | 25 Aug 2021 |
We wish to announce that UCHITEC-CI had expired at 9.00 a.m. on 16 August 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of UCHITEC-CI exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of UCHITEC-CI exercised x (1/5) x (RM3.1296 - RM3.1000)
= Number of UCHITEC-CI exercised x RM0.0059
The Closing Price of RM3.1296 is the average daily volume weighted average price (VWAP) of the ordinary shares of UCHITEC for the five (5) market days prior to and including the market day immediately before the Expiry Date. The UCHITEC-CI 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 16 August 2021. |
Announcement Info
| Company Name | UCHITEC-CI: CW UCHI TECHNOLOGIES BERHAD (KIBB) |
| Stock Name | UCHITEC-CI |
| Date Announced | 16 Aug 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-16082021-00003 |
| Corporate Action ID | MY210816EXWA0003 |