PETDAG-CR

0.070

(%)

STRUCTURED WARRANTS ANNOUNCEMENT : FINAL SETTLEMENT

PETDAG-CR: CW PETRONAS DAGANGAN BHD (CIMB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
Description
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRONAS DAGANGAN BERHAD ("PETDAG") ("PETDAG-CR");

We wish to announce that the PETDAG-CR expired at 5.00 p.m. on 30 June 2017 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

 

Cash Settlement Amount

=

Number of PETDAG-CR x (Closing Price – Exercise Price) x  (1/Exercise Ratio)

 

=

Number of PETDAG-CR x (RM24.1995 – RM23.40) x (1/12)

 

=

Number of PETDAG-CR x RM0.0666

 

The Closing Price of RM24.1995 is the arithmetic mean of daily volume weighted average market price of PETDAG 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 30 June 2017.






Announcement Info

Company Name PETDAG-CR: CW PETRONAS DAGANGAN BHD (CIMB)
Stock Name PETDAG-CR
Date Announced 30 Jun 2017
Category General Announcement for PLC
Reference Number GA1-30062017-00028