Structured Warrants - Final Settlement
| TAKAFUL-CO: CW SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD ("TAKAFUL") ("TAKAFUL SHARE") ("TAKAFUL-CO") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Jan 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that TAKAFUL-CO expired at 5.00 p.m. on 29 January 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of TAKAFUL-CO x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of TAKAFUL-CO x (RM4.3574 - RM4.80) x (1/7)
= Number of TAKAFUL-CO x RM0.0000
The Closing Price of RM4.3574 is the average volume-weighted average price (VWAP) of the TAKAFUL 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 TAKAFUL-CO shall become void and cease to have exercise rights and our obligation in respect of TAKAFUL-CO shall terminate absolutely.
This announcement is dated 29 January 2021. |
Announcement Info
| Company Name | TAKAFUL-CO: CW SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD (AM) |
| Stock Name | TAKAFUL-CO |
| Date Announced | 29 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29012021-00015 |
| Corporate Action ID | MY210129EXWA0015 |