Structured Warrants - Final Settlement
| SLVEST-CC: CW SOLARVEST HOLDINGS BERHAD (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SOLARVEST HOLDINGS BERHAD ("SLVEST") ("SLVEST-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Apr 2024 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1662 |
| Payment Date | 09 May 2024 |
We wish to announce that SLVEST-CC had expired at 9.00 a.m. on 29 April 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of SLVEST-CC exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price)
= Number of SLVEST-CC exercised x (1/2) x (RM1.5123 - RM1.1800)
= Number of SLVEST-CC exercised x RM0.1662
The Closing Price of RM1.5123 is the average daily volume weighted average price (VWAP) of the ordinary shares of SLVEST on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SLVEST-CC is deemed to have been automatically exercised on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 29 April 2024. |
Announcement Info
| Company Name | SLVEST-CC: CW SOLARVEST HOLDINGS BERHAD (KIBB) |
| Stock Name | SLVEST-CC |
| Date Announced | 29 Apr 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29042024-00009 |
| Corporate Action ID | MY240429EXWA0009 |