Structured Warrants - Final Settlement
| DRBHCOMC1L: CW DRB-HICOM BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF DRB-HICOM BERHAD ("DRBHCOM") ("DRBHCOM SHARE") ("DRBHCOMC1L") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 25 May 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that DRBHCOMC1L expired at 5.00 p.m. on 25 May 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of DRBHCOMC1L x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of DRBHCOMC1L x (RM1.7975 - RM2.15) x (1/5)
= Number of DRBHCOMC1L x RM0.0000
The Closing Price of RM1.7975 is the average volume-weighted average price (VWAP) of the DRBHCOM 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 DRBHCOMC1L shall become void and cease to have exercise rights and our obligation in respect of DRBHCOMC1L shall terminate absolutely.
This announcement is dated 25 May 2021. |
Announcement Info
| Company Name | DRBHCOMC1L: CW DRB-HICOM BERHAD (AM) |
| Stock Name | DRBHCOMC1L |
| Date Announced | 25 May 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-25052021-00013 |
| Corporate Action ID | MY210525EXWA0013 |