Structured Warrants - Final Settlement
| ANCOMNY-CD: CW ANCOM NYLEX BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ANCOM NYLEX BERHAD ("ANCOMNY") ("ANCOMNY SHARE") ("ANCOMNY-CD") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Dec 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that ANCOMNY-CD expired at 5.00 p.m. on 28 December 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of ANCOMNY-CD x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of ANCOMNY-CD x (RM1.1411 - RM1.2000) x (1/2.5)
= Number of ANCOMNY-CD x RM0.0000
The Closing Price of RM 1.1411 is the average volume-weighted average price (VWAP) of the ANCOMNY 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 ANCOMNY-CD shall become void and cease to have exercise rights and our obligation in respect of ANCOMNY-CD shall terminate absolutely.
This announcement is dated 28 December 2023. |
Announcement Info
| Company Name | ANCOMNY-CD: CW ANCOM NYLEX BERHAD (AM) |
| Stock Name | ANCOMNY-CD |
| Date Announced | 28 Dec 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28122023-00006 |
| Corporate Action ID | MY231228EXWA0006 |