Structured Warrants - Final Settlement
| BURSA-C26: CW BURSA MALAYSIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BURSA MALAYSIA BERHAD ("BURSA") ("BURSA SHARE") ("BURSA-C26") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 14 Feb 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that BURSA-C26 expired at 5.00 p.m. on 14 February 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of BURSA-C26 x (Closing Price Exercise Price) x (1/Exercise Ratio)
= Number of BURSA-C26 x (RM5.7278 RM6.88) x (1/5)
= Number of BURSA-C26 x RM0.0000
The Closing Price of RM5.7278 is the average volume-weighted average price (VWAP) of the BURSA 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 BURSA-C26 shall become void and cease to have exercise rights and our obligation in respect of BURSA-C26 shall terminate absolutely.
This announcement is dated 14 February 2020. |
Announcement Info
| Company Name | BURSA-C26: CW BURSA MALAYSIA BERHAD (AM) |
| Stock Name | BURSA-C26 |
| Date Announced | 14 Feb 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-14022020-00006 |
| Corporate Action ID | MY200214EXWA0006 |