Structured Warrants - Final Settlement
| JHM-CC: CW JHM CONSOLIDATION BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF JHM CONSOLIDATION BERHAD ("JHM") ("JHM-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 24 Feb 2022 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that JHM-CC have expired at 9.00 a.m. on 24 February 2022 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per JHM-CC) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 1.4600 being the arithmetic mean of the closing price of JHM 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 JHM-CC exercised - 0.30%
= {(RM 1.4600 - RM 2.1000) / 5 } x Number of JHM-CC exercised - 0.30%
= RM 0.0000 x Number of JHM-CC 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 24 February 2022. |
Announcement Info
| Company Name | JHM-CC: CW JHM CONSOLIDATION BERHAD (RHB) |
| Stock Name | JHM-CC |
| Date Announced | 24 Feb 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-24022022-00006 |
| Corporate Action ID | MY220224EXWA0006 |