Structured Warrants - Final Settlement
| UWC-CC: CW UWC BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UWC BERHAD ("UWC") ("UWC SHARE") ("UWC-CC") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 07 May 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.3082 |
| Payment Date | 20 May 2021 |
We wish to announce that UWC-CC expired at 5.00 p.m. on 7 May 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of UWC-CC x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of UWC-CC x (RM5.8113 - RM3.5000) x (1/7.5000)
= Number of UWC-CC x RM0.3082
The Closing Price of RM5.8113 is the average volume-weighted average price (VWAP) of the UWC Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 7 May 2021. |
Announcement Info
| Company Name | UWC-CC: CW UWC BERHAD (AM) |
| Stock Name | UWC-CC |
| Date Announced | 07 May 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-07052021-00004 |
| Corporate Action ID | MY210507EXWA0004 |