AMBANK-C23

0.005

(%)

Structured Warrants - Final Settlement

AMBANK-C23: CW AMMB HOLDINGS BERHAD (MIBB)

Description
MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") 
	
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF AMMB HOLDINGS BERHAD ("AMBANK") ("AMBANK SHARE(S)") ("AMBANK-C23")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Aug 2021 09:00 AM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that AMBANK-C23 expired at 9.00 a.m. on 30 August 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below.
Cash Settlement Amount
= Number of AMBANK-C23 x (1/Entitlement) x (Settlement Price - Exercise Price) - Exercise Expenses*
= Number of AMBANK-C23 x (1/5) x (RM2.9768 - RM3.2800) - Exercise Expenses*
= Number of AMBANK-C23 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 Price - Exercise Price). 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 Price of RM2.9768 is the arithmetic mean of volume weighted average market price of AMBANK Shares for five (5) market days prior to and including the market day immediately before 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.



Announcement Info

Company Name AMBANK-C23: CW AMMB HOLDINGS BERHAD (MIBB)
Stock Name AMBANK-C23
Date Announced 30 Aug 2021
Category Structured Warrants - Final Settlement
Reference Number SWF-30082021-00021
Corporate Action ID MY210830EXWA0021