We are pleased to announce that MAYBANKC29 has expired at 9.01 a.m. on 16 October 2017 ("Expiry Date") and the warrantholders shall be entitled to the Cash Settlement Amount (per MAYBANKC29) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 9.5360 being the arithmetic mean of the closing price of MAYBANK Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 

Cash Settlement Amount

= {(Settlement Price – Exercise Price) / Exercise Ratio } x Number of MAYBANKC29 exercised – 0.30%*

= {(RM 9.5360 - RM 9.0000) / 4.5 } x Number of MAYBANKC29 exercised – 0.30%*

= RM 0.1191 x Number of MAYBANKC29 exercised – 0.30%*

*The Exercise Expenses are subject to 6% GST.

The Cash Settlement Amount shall be paid to the warrantholders within seven (7) market days from the Expiry Date. The payment of the Cash Settlement Amount shall be made in favour of the warrantholders through cheque via ordinary post to the respective address as it appears in the Register.

This announcement is dated 16 October 2017.