Structured Warrants - Final Settlement
| PBBANK-C85: CW PUBLIC BANK BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PUBLIC BANK BERHAD ("PBBANK") ("PBBANK-C85") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 Jun 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that PBBANK-C85 has expired at 9.00 a.m. on 27 June 2023 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per PBBANK-C85) (if the said amount is greater than zero).
The Settlement Price has been determined at RM3.8900 being the arithmetic mean of the closing price of PBBANK 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 PBBANK-C85 exercised - 0.30%
= {(RM3.8900 - RM4.8000) / 5} x Number of PBBANK-C85 exercised - 0.30%
= RM0.0000 x Number of PBBANK-C85 exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 27 June 2023. |
Announcement Info
| Company Name | PBBANK-C85: CW PUBLIC BANK BERHAD (RHB) |
| Stock Name | PBBANK-C85 |
| Date Announced | 27 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27062023-00006 |
| Corporate Action ID | MY230627EXWA0006 |