Structured Warrants - Final Settlement
Amended Announcements
Please refer to the earlier announcement
reference number: SWF-13012022-00003
FRONTKN-C1: CW FRONTKEN CORPORATION BERHAD (AM) |
Description | AMBANK (M) BERHAD ("AMBANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF FRONTKEN CORPORATION BERHAD ("FRONTKN") ("FRONTKN SHARE") ("FRONTKN-C1") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 13 Jan 2022 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0578 |
Payment Date | 25 Jan 2022 |
We wish to announce that FRONTKN-C1 expired at 5.00 p.m. on 13 January 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount: = Number of FRONTKN-C1 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of FRONTKN-C1 x (RM3.8591 - RM3.4302) x (1/7.4167) = Number of FRONTKN-C1 x RM0.0578 The Closing Price of RM3.8591 is the average volume-weighted average price (VWAP) of the FRONTKN Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date. The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post. This announcement is dated 19 January 2022. |
Announcement Info
Company Name | FRONTKN-C1: CW FRONTKEN CORPORATION BERHAD (AM) |
Stock Name | FRONTKN-C1 |
Date Announced | 19 Jan 2022 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-19012022-00002 |
Corporate Action ID | MY220113EXWA0003 |