FBMKLCI-C9S

0.020

(%)

Structured Warrants - Final Settlement

FBMKLCI-C9S: CW FTSE BURSA MALAYSIA KLCI INDEX (MIBB)

Description
MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") 
	
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER FTSE BURSA MALAYSIA KLCI ("FBMKLCI") ("FBMKLCI-C9S")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Jul 2021 09:00 AM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that FBMKLCI-C9S expired at 9.00 a.m. on 30 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below.
Cash Settlement Amount
= Number of FBMKLCI-C9S x (1/Entitlement) x (Settlement Level - Exercise Level) x Index Currency Amount - Exercise Expenses*
= Number of FBMKLCI-C9S x (1/1000) x (1501.00 - 1530.00) x RM1.00 - Exercise Expenses*
= Number of FBMKLCI-C9S x RM0.0000 - Exercise Expenses*
* Exercise Expenses for every one (1) unit of structured warrants is equivalent to 0.3% of 1/Entitlement x (Settlement Level - Exercise Level). The Exercise Expenses are subject to tax or duties which are incurred in respect of or in connection with the exercise of Structured Warrants and includes without limitation to any sales or service tax (and includes any value added, consumption, goods and services or other tax imposed by the government on goods and services in Malaysia).
The Settlement Level of 1501.00 is the final settlement price for settling the corresponding spot month index futures contracts on the Expiry Date. The structured warrants shall be automatically exercised at 9.00 a.m. on the Expiry Date if the Cash Settlement Amount is greater than zero. If the Cash Settlement Amount is less than or equal to zero all structured warrants shall be deemed to have expired on the Expiry Date and all rights of the warrantholders and our obligations with respect to such structured warrants shall cease and the warrantholders shall not be entitled to receive any payment from us in respect of the structured warrants.
The Cash Settlement Amount (if any) shall be paid, by cheque drawn in favour of the warrantholder or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, subject to any postponement of the valuation dates resulting from any market disruption event or any postponement arising from any settlement disruption event, no later than seven (7) market days following the Expiry Date. For the avoidance of doubt, warrantholders shall not be required to pay or top-up the Exercise Expenses, as the case may be, where the Cash Settlement Amount is less than zero.

The Cash Settlement Amount (if any) shall be paid, by cheque drawn in favour of the warrantholder or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, subject to any postponement of the valuation dates resulting from any market disruption event or any postponement arising from any settlement disruption event, no later than seven (7) market days following the Expiry Date. For the avoidance of doubt, warrantholders shall not be required to pay or top-up the Exercise Expenses, as the case may be, where the Cash Settlement Amount is less than zero.



Announcement Info

Company Name FBMKLCI-C9S: CW FTSE BURSA MALAYSIA KLCI INDEX (MIBB)
Stock Name FBMKLCI-C9S
Date Announced 30 Jul 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-30072021-00041
Corporate Action ID MY210730EXWA0041