BAUTO-C18

0.095

(%)

Structured Warrants - Final Settlement

BAUTO-C18: CW BERMAZ AUTO BERHAD (CIMB)

Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BERMAZ AUTO BERHAD ("BAUTO") ("BAUTO-C18")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Jul 2021 05:00 PM
Securities Debiting Date
Settlement Indicator In the money
Cash Entitlement
Cash Settlement Amount (Per Unit) Malaysian Ringgit (MYR) 0.0907
Payment Date 10 Aug 2021

We wish to announce that the BAUTO-C18 expired at 5.00 p.m. on 30 Jul 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount	=	Number of BAUTO-C18 x (Closing Price - Exercise Price) x  (1/Exercise Ratio)
	=	Number of BAUTO-C18 x (RM1.5361 - RM1.40) x (1/1.50)
	=	Number of BAUTO-C18 x RM0.0907

The Closing Price of RM1.5361 is the arithmetic mean of daily volume weighted average market price of BAUTO 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 30 Jul 2021.



Announcement Info

Company Name BAUTO-C18: CW BERMAZ AUTO BERHAD (CIMB)
Stock Name BAUTO-C18
Date Announced 30 Jul 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-30072021-00031
Corporate Action ID MY210730EXWA0031