Structured Warrants - Final Settlement
PBBANK-C92: CW PUBLIC BANK BERHAD (MACQ) |
Description | MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD. ("MACQ") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PUBLIC BANK BERHAD ("PBBANK") ("PBBANK-C92") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 15 Dec 2023 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0160 |
Payment Date | 20 Dec 2023 |
We are pleased to announce that the PBBANK-C92 have expired at 5.00 p.m. on 15 December 2023 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows: Cash Settlement Amount = Number of Structured Warrants X (Settlement Price - Exercise Price) X (1/Exercise Ratio) = Number of Structured Warrants X (RM 4.2600 - RM 4.1800) X (1/5.0000) = Number of Structured Warrants X RM 0.0160 The Settlement Price has been determined at RM 4.2600, being the average closing price of the PBBANK Shares on Bursa Malaysia Securities Berhad for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date. The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post. Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus. This announcement is dated 15 December 2023. |
Announcement Info
Company Name | PBBANK-C92: CW PUBLIC BANK BERHAD (MACQ) |
Stock Name | PBBANK-C92 |
Date Announced | 15 Dec 2023 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-15122023-00012 |
Corporate Action ID | MY231215EXWA0012 |