Structured Warrants - Final Settlement
| DAYANG-C6: CW DAYANG ENTERPRISE HOLDINGS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG") ("DAYANG SHARE") ("DAYANG-C6") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 06 Nov 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that DAYANG-C6 expired at 5.00 p.m. on 6 November 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of DAYANG-C6 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of DAYANG-C6 x (RM0.7687 - RM3.25) x (1/5)
= Number of DAYANG-C6 x RM0.0000
The Closing Price of RM0.7687 is the average volume-weighted average price (VWAP) of the DAYANG Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and DAYANG-C6 shall become void and cease to have exercise rights and our obligation in respect of DAYANG-C6 shall terminate absolutely.
This announcement is dated 6 November 2020. |
Announcement Info
| Company Name | DAYANG-C6: CW DAYANG ENTERPRISE HOLDINGS BERHAD (AM) |
| Stock Name | DAYANG-C6 |
| Date Announced | 06 Nov 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-06112020-00005 |
| Corporate Action ID | MY201106EXWA0005 |