Structured Warrants - Final Settlement
| AXIATA-C79: CW AXIATA GROUP BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA SHARE") ("AXIATA-C79") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 10 Mar 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0096 |
| Payment Date | 21 Mar 2023 |
We wish to announce that AXIATA-C79 expired at 5.00 p.m. on 10 March 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of AXIATA-C79 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of AXIATA-C79 x (RM3.1481 - RM3.1000) x (1/5)
= Number of AXIATA-C79 x RM0.0096
The Closing Price of RM 3.1481 is the average volume-weighted average price (VWAP) of the AXIATA Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 10 March 2023. |
Announcement Info
| Company Name | AXIATA-C79: CW AXIATA GROUP BERHAD (AM) |
| Stock Name | AXIATA-C79 |
| Date Announced | 10 Mar 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-10032023-00001 |
| Corporate Action ID | MY230310EXWA0001 |