The Official Kenanga Warrants Blog

Expiry in a nutshell: PCHEM-C10 & WPRTS-CQ

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Publish date: Tue, 15 Aug 2017, 03:40 PM
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Official NagaWarrants Blog by Kenanga Investment Bank Bhd. We issue warrants to meet investors' demand for trading opportunities & alternative investments

This blog exists to offer quick updates & hopefully offer friendly, useful warrant info to achieve your trading goals.

Disclaimer: The info posted is for your info only & shall not be construed as an investment advice or solicitation to purchase. Please refer to the Base Prospectus & Term Sheets.
Following Message

~ Expiry in a nutshell ~

AXIATA-C16 CBIP-CD JCY-C1 KAREX-CS
KOSSAN-CQ MISC-C9 MMCCORP-C5 MYEG-C10
PCHEM-C10 POS-C6 SIME-C12 WPRTS-CQ

Last trading: 5pm @15/8 (Today!)
Suspension date: 9am @16/8
Expiry date: 9am @18/8

What happens?
When Cash Settlement price > Exercise price = In-The-Money (ITM). Warrant has value at expiry & is automatically exercised.
When Cash Settlement price < Exercise price = Out-of-The-Money (OTM). Warrant expires worthless.

Say, you purchased 100,000 PCHEM-C10 warrants.
Exercise price: RM7.10
Exercise ratio: 3.5 warrants to 1

Cash Settlement Amount
= Number of PCHEM-C10 exercised x [(Cash Settlement Price - Exercise Price) / Exercise Ratio ]
= 100,000 x [(7.14-7.10) / 3.5]
= RM1,142.86 approx

 

* Cash Settlement Price of RM7.1400 is the average daily volume weighted average price (VWAP) of the ordinary shares of PCHEM for 5 market days prior to Expiry Date.

* Cash Settlement Amount will be delivered by ordinary post within 7 market days from Expiry Date

***
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