STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| CIMB-C47: CW CIMB GROUP HOLDINGS BERHAD (AM) |
| Type | Announcement |
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
| 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-C47") |
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We wish to announce that CIMB-C47 expired at 5.00 p.m. on 3 September 2019 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
= Number of CIMB-C47 x (Closing Price – Exercise Price) x (1/Exercise Ratio)
= Number of CIMB-C47 x RM0.0000
The Closing Price of RM5.0170 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.
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 the CIMB-C47 shall become void and case to have exercise rights and our obligation in respect of CIMB-C47 shall terminate absolutely.
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Announcement Info
| Company Name | CIMB-C47: CW CIMB GROUP HOLDINGS BERHAD (AM) |
| Stock Name | CIMB-C47 |
| Date Announced | 03 Sep 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03092019-00038 |