Structured Warrants - Final Settlement
| BAT-C1: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD ("BAT") ("BAT-C1") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Jan 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.2333 |
| Payment Date | 10 Feb 2021 |
We wish to announce that the BAT-C1 expired at 5.00 p.m. on 29 Jan 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of BAT-C1 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of BAT-C1 x (RM13.1339 - RM10.80) x (1/10) = Number of BAT-C1 x RM0.2333 The Closing Price of RM13.1339 is the arithmetic mean of daily volume weighted average market price of BAT 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 or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post. This announcement is dated 29 Jan 2021. |
Announcement Info
| Company Name | BAT-C1: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (CIMB) |
| Stock Name | BAT-C1 |
| Date Announced | 29 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27012021-00009 |
| Corporate Action ID | MY210127EXWA0009 |