Structured Warrants - Final Settlement
| CIMB-C65: CW CIMB GROUP HOLDINGS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CIMB GROUP HOLDINGS BERHAD ("CIMB") ("CIMB SHARE") ("CIMB-C65") |
| 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 | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0708 |
| Payment Date | 09 Mar 2021 |
We wish to announce that CIMB-C65 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 CIMB-C65 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of CIMB-C65 x (RM4.2247 - RM3.80) x (1/6)
= Number of CIMB-C65 x RM0.0708
The Closing Price of RM4.2247 is the average volume-weighted average price (VWAP) of the CIMB Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 26 February 2021. |
Announcement Info
| Company Name | CIMB-C65: CW CIMB GROUP HOLDINGS BERHAD (AM) |
| Stock Name | CIMB-C65 |
| Date Announced | 26 Feb 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-26022021-00012 |
| Corporate Action ID | MY210226EXWA0012 |