Structured Warrants - Final Settlement
| SPSETIA-C71: CW S P SETIA BERHAD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-C71") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 19 Apr 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.2500 |
| Payment Date | 30 Apr 2024 |
We wish to announce that SPSETIA-C71 has expired at 5.00 p.m. on 19 April 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of SPSETIA-C71 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SPSETIA-C71 x (RM1.4000 - RM0.9000) x (1/2)
= Number of SPSETIA-C71 x RM0.2500
The Closing Price of RM1.4000 was determined based on the average closing price of the SPSETIA Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.
This announcement is dated 19 April 2024. |
Announcement Info
| Company Name | SPSETIA-C71: CW S P SETIA BERHAD (AFFIN) |
| Stock Name | SPSETIA-C71 |
| Date Announced | 19 Apr 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-19042024-00005 |
| Corporate Action ID | MY240419EXWA0005 |