Net Cash Settlement Amount = Cash Settlement Amount - Exercise Expense Charged by Issuer By; In case of Call Warrant and Underlying Asset is Stock :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio In case of Put Warrant and Underlying Asset is Stock :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio In case of Call Warrant and Underlying Asset is Index :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier In case of Put Warrant and Underlying Asset is Index :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier In case of Call Warrant and Underlying Asset is Foreign Stock :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Stock :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio X Exchange rate In case of Call Warrant and Underlying Asset is Foreign Index :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Index :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier X Exchange rate
Any Derivative Warrant (DW) will automatically be exercised if the Net Cash Settlement Amount on the Automatic Exercise Date is greater than zero (without notice being given to the Holders). The Issuer will pay to the Holders the Net Cash Settlement Amount (if any) with procedure defined in Terms and Condition.
The Holders can deny the exercise of DW by informing their broker in accordance with procedures stipulated by their broker.
Signature ________________________________
(Ms Thaniya Tayjasanant)
Director
Authorized Persons to Disclose Information
This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to
the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.
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Tipco Asphalt pcl published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 12:09:55 UTC.
Tipco Asphalt Public Company Limited is engaged in the manufacturing and distribution of asphalt and petroleum products. The Companyâs segments include manufacturing and trading and construction. The manufacturing and trading segment conducts manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets. Whereas the marine logistics business complements the manufacturing and trading of asphalt and petroleum oil products. The construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Companyâs products and applications include asphalt cement, asphalt emulsion, cutback asphalt, modified asphalt emulsion, polymer modified asphalt, and premium asphalt. Its special products and others include Tipco premix, Tipco joint sealer, and coating applications. Its subsidiaries include Alpha Maritime Co., Ltd., AD Shipping Pte. Ltd., and Pacific Bitumen Shipping Pte. Ltd.