Structured Warrants - Final Settlement
YINSON-C10: CW YINSON HOLDINGS BERHAD (CIMB) |
Description | CIMB BANK BERHAD ("CIMB BANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF YINSON HOLDINGS BERHAD ("YINSON") ("YINSON-C10") |
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 YINSON-C10 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 YINSON-C10 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of YINSON-C10 x (RM5.3425 - RM6.50) x (1/6) = Number of YINSON-C10 x RM0.0000 The Closing Price of RM5.3425 is the arithmetic mean of daily volume weighted average market price of YINSON 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 YINSON-C10 will cease to be valid and all our obligations in respect of the YINSON-C10 shall terminate absolutely. This announcement is dated 31 Mar 2021. |
Announcement Info
Company Name | YINSON-C10: CW YINSON HOLDINGS BERHAD (CIMB) |
Stock Name | YINSON-C10 |
Date Announced | 31 Mar 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-30032021-00007 |
Corporate Action ID | MY210330EXWA0007 |