STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT
| AAX-C10: CW AIRASIA X BERHAD (AM) |
| Type | Announcement |
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AIRASIA X BERHAD ("AAX") ("AAX SHARE") ("AAX-C10") |
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We wish to announce that AAX-C10 expired at 5.00 p.m. on 26 April 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
= Number of AAX-C10 x (Closing Price – Exercise Price) x (1/Exercise Ratio)
= Number of AAX-C10 x RM0.0000
The Closing Price of RM0.3832 is the average of the five (5)-day volume-weighted average price (VWAP) of the AAX Shares on each of the five (5) market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the AAX-C10 shall become void and cease to have any exercise rights.
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Announcement Info
| Company Name | AAX-C10: CW AIRASIA X BERHAD (AM) |
| Stock Name | AAX-C10 |
| Date Announced | 26 Apr 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26042018-00052 |