Structured Warrants - Final Settlement
| UMW-C33: CW UMW HOLDINGS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UMW HOLDINGS BERHAD ("UMW") ("UMW SHARE") ("UMW-C33") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Mar 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that UMW-C33 expired at 5.00 p.m. on 29 March 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of UMW-C33 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of UMW-C33 x (RM3.2569 - RM3.30) x (1/7)
= Number of UMW-C33 x RM0.0000
The Closing Price of RM3.2569 is the average volume-weighted average price (VWAP) of the UMW 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 UMW-C33 shall become void and cease to have exercise rights and our obligation in respect of UMW-C33 shall terminate absolutely.
This announcement is dated 29 March 2022. |
Announcement Info
| Company Name | UMW-C33: CW UMW HOLDINGS BERHAD (AM) |
| Stock Name | UMW-C33 |
| Date Announced | 29 Mar 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29032022-00008 |
| Corporate Action ID | MY220329EXWA0008 |