Structured Warrants - Final Settlement
| MAXIS-C19: CW MAXIS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD ("MAXIS") ("MAXIS SHARE") ("MAXIS-C19") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 26 Feb 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that MAXIS-C19 expired at 5.00 p.m. on 26 February 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of MAXIS-C19 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MAXIS-C19 x (RM4.7080 - RM5.70) x (1/7)
= Number of MAXIS-C19 x RM0.0000
The Closing Price of RM4.7080 is the average volume-weighted average price (VWAP) of the MAXIS 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 MAXIS-C19 shall become void and cease to have exercise rights and our obligation in respect of MAXIS-C19 shall terminate absolutely.
This announcement is dated 26 February 2021. |
Announcement Info
| Company Name | MAXIS-C19: CW MAXIS BERHAD (AM) |
| Stock Name | MAXIS-C19 |
| Date Announced | 26 Feb 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26022021-00022 |
| Corporate Action ID | MY210226EXWA0022 |