Structured Warrants - Final Settlement
| UOADEV-CZ: CW UOA DEVELOPMENT BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UOA DEVELOPMENT BHD ("UOADEV") ("UOADEV SHARE") ("UOADEV-CZ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 23 Apr 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that UOADEV-CZ expired at 5.00 p.m. on 23 April 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of UOADEV-CZ x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of UOADEV-CZ x (RM1.8606 - RM2.00) x (1/3)
= Number of UOADEV-CZ x RM0.0000
The Closing Price of RM1.8606 is the average volume-weighted average price (VWAP) of the UOADEV 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 UOADEV-CZ shall become void and cease to have exercise rights and our obligation in respect of UOADEV-CZ shall terminate absolutely.
This announcement is dated 23 April 2024. |
Announcement Info
| Company Name | UOADEV-CZ: CW UOA DEVELOPMENT BHD (AM) |
| Stock Name | UOADEV-CZ |
| Date Announced | 23 Apr 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-23042024-00010 |
| Corporate Action ID | MY240423EXWA0010 |