Structured Warrants - Final Settlement
| SUNCON-C1: CW SUNWAY CONSTRUCTION GROUP BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") ("SUNCON-C1") |
| 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 | Out of the Money/At the Money |
We wish to announce that SUNCON-C1 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 SUNCON-C1 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of SUNCON-C1 exercised x (1/4) x (RM1.5596 - RM2.2800)
= Number of SUNCON-C1 exercised x RM0.0000
The Closing Price of RM1.5596 is the average daily volume weighted average price (VWAP) of the ordinary shares of SUNCON for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SUNCON-C1 is deemed to have been automatically exercised on the Expiry Date.
As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised SUNCON-C1 will cease to be valid and all our obligations in respect to SUNCON-C1 shall terminate absolutely.
This announcement is dated 16 August 2021. |
Announcement Info
| Company Name | SUNCON-C1: CW SUNWAY CONSTRUCTION GROUP BERHAD (KIBB) |
| Stock Name | SUNCON-C1 |
| Date Announced | 16 Aug 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-16082021-00010 |
| Corporate Action ID | MY210816EXWA0010 |