Structured Warrants - Final Settlement
GENTINGC86: 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") ("GENTINGC86") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 22 Jan 2021 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | Out of the Money/At the Money |
We wish to announce that GENTINGC86 expired at 5.00 p.m. on 22 January 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount: = Number of GENTINGC86 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of GENTINGC86 x (RM4.1893 - RM4.60) x (1/7) = Number of GENTINGC86 x RM0.0000 The Closing Price of RM4.1893 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 GENTINGC86 shall become void and cease to have exercise rights and our obligation in respect of GENTINGC86 shall terminate absolutely. This announcement is dated 22 January 2021. |
Announcement Info
Company Name | GENTINGC86: CW GENTING BERHAD (AM) |
Stock Name | GENTINGC86 |
Date Announced | 22 Jan 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-22012021-00005 |
Corporate Action ID | MY210122EXWA0005 |