Structured Warrants - Final Settlement
MBSB-C31: CW MALAYSIA BUILDING SOCIETY BERHAD (CIMB) |
Description | CIMB BANK BERHAD ("CIMB BANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA BUILDING SOCIETY BERHAD ("MBSB") ("MBSB-C31") |
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 | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0038 |
Payment Date | 10 Feb 2021 |
We wish to announce that the MBSB-C31 expired at 5.00 p.m. on 29 Jan 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of MBSB-C31 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of MBSB-C31 x (RM0.6038 - RM0.60) x (1/1) = Number of MBSB-C31 x RM0.0038 The Closing Price of RM0.6038 is the arithmetic mean of daily volume weighted average market price of MBSB 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 29 Jan 2021. |
Announcement Info
Company Name | MBSB-C31: CW MALAYSIA BUILDING SOCIETY BERHAD (CIMB) |
Stock Name | MBSB-C31 |
Date Announced | 29 Jan 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-27012021-00013 |
Corporate Action ID | MY210127EXWA0013 |