Structured Warrants - Final Settlement
| PBBANK-C38: CW PUBLIC BANK BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PUBLIC BANK BERHAD ("PBBANK") ("PBBANK SHARE") ("PBBANK-C38") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 15 May 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that PBBANK-C38 expired at 5.00 p.m. on 15 May 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of PBBANK-C38 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of PBBANK-C38 x (RM15.6595 - RM20.50) x (1/12)
= Number of PBBANK-C38 x RM0.0000
The Closing Price of RM15.6595 is the average volume-weighted average price (VWAP) of the PBBANK Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and PBBANK-C38 shall become void and cease to have exercise rights and our obligation in respect of PBBANK-C38 shall terminate absolutely.
This announcement is dated 15 May 2020. |
Announcement Info
| Company Name | PBBANK-C38: CW PUBLIC BANK BERHAD (AM) |
| Stock Name | PBBANK-C38 |
| Date Announced | 15 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-15052020-00007 |
| Corporate Action ID | MY200515EXWA0007 |