Structured Warrants - Final Settlement
| BAT-CV: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD ("BAT") ("BAT-CV") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 Oct 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that BAT-CV have expired at 9.00 a.m. on 27 October 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per BAT-CV) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 9.9900 being the arithmetic mean of the closing price of BAT Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of BAT-CV exercised - 0.30%
= {(RM 9.9900 - RM 12.0000) / 15 } x Number of BAT-CV exercised - 0.30%
= RM 0.0000 x Number of BAT-CV exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 27 October 2020. |
Announcement Info
| Company Name | BAT-CV: CW BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD (RHB) |
| Stock Name | BAT-CV |
| Date Announced | 27 Oct 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27102020-00012 |
| Corporate Action ID | MY201027EXWA0012 |