Structured Warrants - Final Settlement
| MRCB-C81: CW MALAYSIAN RESOURCES CORPORATION BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") ("MRCB-C81") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Mar 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that MRCB-C81 have expired at 9.00 a.m. on 28 March 2023 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per MRCB-C81) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 0.3220 being the arithmetic mean of the closing price of MRCB Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of MRCB-C81 exercised - 0.30%
= {(RM 0.3220 - RM 0.3500) / 1.5 } x Number of MRCB-C81 exercised - 0.30%
= RM 0.0000 x Number of MRCB-C81 exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 28 March 2023. |
Announcement Info
| Company Name | MRCB-C81: CW MALAYSIAN RESOURCES CORPORATION BERHAD (RHB) |
| Stock Name | MRCB-C81 |
| Date Announced | 28 Mar 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28032023-00017 |
| Corporate Action ID | MY230328EXWA0017 |