Structured Warrants - Final Settlement
| TENAGA-C2V: CW TENAGA NASIONAL BERHAD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA-C2V") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Aug 2025 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that TENAGA-C2V has expired at 5.00 p.m. on 28 August 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of TENAGA-C2V x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of TENAGA-C2V x (RM13.5680 - RM14.5000) x (1/13)
= Number of TENAGA-C2V x RM0.0000
The Closing Price of RM13.5680 was determined based on the average closing price of the TENAGA Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, Holders will not be entitled to receive any payment from us and all outstanding and unexercised TENAGA-C2V will cease to be valid and all our obligations in respect to TENAGA-C2V shall terminate absolutely.
This announcement is dated 28 August 2025. |
Announcement Info
| Company Name | TENAGA-C2V: CW TENAGA NASIONAL BERHAD (AFFIN) |
| Stock Name | TENAGA-C2V |
| Date Announced | 28 Aug 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28082025-00002 |
| Corporate Action ID | MY250828EXWA0002 |