Structured Warrants - Final Settlement
| CMSB-C23: CW CAHYA MATA SARAWAK BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CAHYA MATA SARAWAK BERHAD ("CMSB") ("CMSB SHARE") ("CMSB-C23") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Jul 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that CMSB-C23 expired at 5.00 p.m. on 22 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of CMSB-C23 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of CMSB-C23 x (RM1.1186 - RM1.25) x (1/4)
= Number of CMSB-C23 x RM0.0000
The Closing Price of RM1.1186 is the average volume-weighted average price (VWAP) of the CMSB 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 CMSB-C23 shall become void and cease to have exercise rights and our obligation in respect of CMSB-C23 shall terminate absolutely.
This announcement is dated 22 July 2021. |
Announcement Info
| Company Name | CMSB-C23: CW CAHYA MATA SARAWAK BERHAD (AM) |
| Stock Name | CMSB-C23 |
| Date Announced | 22 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22072021-00017 |
| Corporate Action ID | MY210722EXWA0017 |