NESTLE-CE

0.020

(%)

STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT

NESTLE-CE: CW NESTLE (MALAYSIA) BERHAD (CIMB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF NESTLE (MALAYSIA) BERHAD ("NESTLE") ("NESTLE-CE")

We wish to announce that the NESTLE-CE expired at 5.00 p.m. on 28 Jun 2019 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

 

Cash Settlement Amount

=

Number of NESTLE-CE x (Closing Price – Exercise Price) x  (1/Exercise Ratio)

 

=

Number of NESTLE-CE x (RM148.875 – RM148.00) x (1/100)

 

=

Number of NESTLE-CE x RM0.0088

 

The Closing Price of RM148.875 is the arithmetic mean of daily volume weighted average market price of NESTLE shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

 

The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.

 

This announcement is dated 28 Jun 2019.






Announcement Info

Company Name NESTLE-CE: CW NESTLE (MALAYSIA) BERHAD (CIMB)
Stock Name NESTLE-CE
Date Announced 28 Jun 2019
Category General Announcement for PLC
Reference Number GA1-28062019-00013