SUPERMX-C59

0.005

(%)

STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT

SUPERMX-C59: CW SUPERMAX CORPORATION BERHAD (CIMB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-C59")

We wish to announce that the SUPERMX-C59 expired at 5.00 p.m. on 30 August 2019 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

 

Cash Settlement Amount

=

Number of SUPERMX-C59 x (Closing Price – Exercise Price) x  (1/Exercise Ratio)

 

=

Number of SUPERMX-C59 x (RM1.5105 – RM1.50) x (1/2.50)

 

=

Number of SUPERMX-C59 x RM0.0042

 

The Closing Price of RM1.5105 is the arithmetic mean of daily volume weighted average market price of SUPERMX shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

 

The Cash Settlement Amount shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.

 

This announcement is dated 30 August 2019.






Announcement Info

Company Name SUPERMX-C59: CW SUPERMAX CORPORATION BERHAD (CIMB)
Stock Name SUPERMX-C59
Date Announced 30 Aug 2019
Category General Announcement for PLC
Reference Number GA1-30082019-00027