Structured Warrants - Final Settlement
| UWC-CM: CW UWC BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UWC BERHAD ("UWC") ("UWC SHARE") ("UWC-CM") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 20 Jan 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that UWC-CM expired at 5.00 p.m. on 20 January 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of UWC-CM x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of UWC-CM x (RM5.1719 - RM6.66) x (1/15)
= Number of UWC-CM x RM0.0000
The Closing Price of RM5.1719 is the average volume-weighted average price (VWAP) of the UWC Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and UWC-CM shall become void and cease to have exercise rights and our obligation in respect of UWC-CM shall terminate absolutely.
This announcement is dated 20 January 2022. |
Announcement Info
| Company Name | UWC-CM: CW UWC BERHAD (AM) |
| Stock Name | UWC-CM |
| Date Announced | 20 Jan 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-20012022-00012 |
| Corporate Action ID | MY220120EXWA0012 |