Structured Warrants - Final Settlement
| F&N-CD: CW FRASER & NEAVE HOLDINGS BHD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF FRASER & NEAVE HOLDINGS BERHAD ("F&N") ("F&N-CD") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 31 Mar 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the F&N-CD expired at 5.00 p.m. on 31 Mar 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of F&N-CD x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of F&N-CD x (RM30.4129 - RM33.00) x (1/30) = Number of F&N-CD x RM0.0000 The Closing Price of RM30.4129 is the arithmetic mean of daily volume weighted average market price of F&N shares for the 5 market days prior to and including the market day immediately before the Expiry Date. As the Cash Settlement Amount is less than zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised F&N-CD will cease to be valid and all our obligations in respect of the F&N-CD shall terminate absolutely. This announcement is dated 31 Mar 2021. |
Announcement Info
| Company Name | F&N-CD: CW FRASER & NEAVE HOLDINGS BHD (CIMB) |
| Stock Name | F&N-CD |
| Date Announced | 31 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30032021-00043 |
| Corporate Action ID | MY210330EXWA0043 |