Structured Warrants - Final Settlement
| MBMR-CQ: CW MBM RESOURCES BHD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MBM RESOURCES BERHAD ("MBMR") ("MBMR SHARE") ("MBMR-CQ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Mar 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that MBMR-CQ expired at 5.00 p.m. on 29 March 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of MBMR-CQ x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MBMR-CQ x (RM3.3639 - RM3.50) x (1/6)
= Number of MBMR-CQ x RM0.0000
The Closing Price of RM3.3639 is the average volume-weighted average price (VWAP) of the MBMR 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 MBMR-CQ shall become void and cease to have exercise rights and our obligation in respect of MBMR-CQ shall terminate absolutely.
This announcement is dated 29 March 2021. |
Announcement Info
| Company Name | MBMR-CQ: CW MBM RESOURCES BHD (AM) |
| Stock Name | MBMR-CQ |
| Date Announced | 29 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29032021-00009 |
| Corporate Action ID | MY210329EXWA0009 |