AXIATA-C20

0.115

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STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT

AXIATA-C20: CW AXIATA GROUP BERHAD (CIMB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-C20");

We wish to announce that the AXIATA-C20 expired at 5.00 p.m. on 28 February 2018 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

 

Cash Settlement Amount

=

Number of AXIATA-C20 x (Closing Price – Exercise Price) x  (1/Exercise Ratio)

 

=

Number of AXIATA-C20 x (RM5.6037 – RM5.20) x (1/4)

 

=

Number of AXIATA-C20 x RM0.1009

 

The Closing Price of RM5.6037 is the arithmetic mean of daily volume weighted average market price of AXIATA 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 within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.

 

This announcement is dated 28 February 2018.






Announcement Info

Company Name AXIATA-C20: CW AXIATA GROUP BERHAD (CIMB)
Stock Name AXIATA-C20
Date Announced 28 Feb 2018
Category General Announcement for PLC
Reference Number GA1-28022018-00038