Expiry Notice: Last trading today @5pm

If you are holding the warrants below, this is a kind reminder that they will expire on Monday @9am (12 Feb) & Last Trading is today @5pm (7 Feb)

BIMB-CV
CIMB-C25
HARTA-CZ
IJM-C7
KAREX-C3
LCTITAN-CA
LCTITAN-CB
MUHIBAH-CE
SEM-CG
TOPGLOV-C19
WPRTS-CS

• What happens on expiry?

- When Cash Settlement price > Exercise price = In-The-Money (ITM). Warrant will have value at expiry & automatically be exercised.
- When Cash Settlement price < Exercise price = Out-of-The-Money (OTM). Warrant expires worthless.

• :memo: An easy SAMPLE calculation for Cash Settlement Amount

Say, you purchased 100,000 SUPERMX-C28 warrants.
Exercise price: RM2.20
Exercise ratio: 2.5 warrants to 1 mother share (aka underlying)
Let's assume the Cash Settlement Price is RM2.30. (Us Issuers will only know the actual "5-day average daily volume weighted average price (VWAP)" by the end of Day 5 which is today.)

Hence, using the Cash Settlement amount formula
= Number of SUPERMX-C28 exercised x [(Cash Settlement Price - Exercise Price) / Exercise Ratio ]
= 100,000 x [(RM2.30 - RM2.20) / 2.5]
= RM4,000 approx

* The Cash Settlement Price of RM2.30 is the average daily volume weighted average price (VWAP) of the ordinary shares of SUPERMX for the five (5) market days prior to and including the market day immediately before the Expiry Date.
* The Cash Settlement Amount will be delivered to you via cheque by ordinary post within 7 market days from the Expiry Date.

***

Get the news first on Telegram. Its free. 

Telegram: https://www.telegram.me/KenangaWarrants (Real time LIVE updates) 

FREE tools, term sheets & warrant education on www.NagaWarrants.com/home