Structured Warrants - Final Settlement
| AEON-CV: CW AEON CO. (M) BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AEON CO. (M) BHD ("AEON") ("AEON SHARE") ("AEON-CV") |
| 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 AEON-CV 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 AEON-CV x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of AEON-CV x (RM1.1536 - RM1.80) x (1/3)
= Number of AEON-CV x RM0.0000
The Closing Price of RM1.1536 is the average volume-weighted average price (VWAP) of the AEON 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 AEON-CV shall become void and cease to have exercise rights and our obligation in respect of AEON-CV shall terminate absolutely.
This announcement is dated 15 May 2020. |
Announcement Info
| Company Name | AEON-CV: CW AEON CO. (M) BHD (AM) |
| Stock Name | AEON-CV |
| Date Announced | 15 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-15052020-00001 |
| Corporate Action ID | MY200515EXWA0001 |