Structured Warrants - Final Settlement
| GENTINGC75: CW GENTING BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTING SHARE") ("GENTINGC75") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 15 May 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that GENTINGC75 expired at 5.00 p.m. on 15 May 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of GENTINGC75 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of GENTINGC75 x (RM4.0640 - RM6.1608) x (1/5.8674)
= Number of GENTINGC75 x RM0.0000
The Closing Price of RM4.0640 is the average volume-weighted average price (VWAP) of the GENTING 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 GENTINGC75 shall become void and cease to have exercise rights and our obligation in respect of GENTINGC75 shall terminate absolutely.
This announcement is dated 15 May 2020. |
Announcement Info
| Company Name | GENTINGC75: CW GENTING BERHAD (AM) |
| Stock Name | GENTINGC75 |
| Date Announced | 15 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-15052020-00003 |
| Corporate Action ID | MY200515EXWA0003 |