Structured Warrants - Final Settlement
| SIME-C41: CW SIME DARBY BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SIME DARBY BERHAD ("SIME") ("SIME-C41") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Nov 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0753 |
| Payment Date | 09 Dec 2020 |
We wish to announce that the SIME-C41 expired at 5.00 p.m. on 30 November 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of SIME-C41 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of SIME-C41 x (RM2.3883 - RM2.20) x (1/2.50) = Number of SIME-C41 x RM0.0753 The Closing Price of RM2.3883 is the arithmetic mean of daily volume weighted average market price of SIME shares for the 5 market days prior to and including the market day immediately before the Expiry Date. The Cash Settlement Amount shall be made by way of cheque or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post. This announcement is dated 30 November 2020. |
Announcement Info
| Company Name | SIME-C41: CW SIME DARBY BERHAD (CIMB) |
| Stock Name | SIME-C41 |
| Date Announced | 30 Nov 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27112020-00026 |
| Corporate Action ID | MY201127EXWA0026 |