BIMB-CZ

0.055

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STRUCTURED WARRANTS ANNOUNCEMENT : INITIAL OFFERING

BIMB-CZ: CW BANK ISLAM MALAYSIA BERHAD (AM)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
INITIAL OFFERING
Description
PROPOSED ISSUE OF UP TO 80,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BANK ISLAM MALAYSIA BERHAD ("BIMB") ("BIMB SHARES") WITH AN EXERCISE RATIO OF 3.5 CALL WARRANTS : 1 BIMB SHARE ("BIMB-CZ")

With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 80,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of BIMB, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

BIMB-CZ is constituted by the Deed Poll dated 22 September 2023 executed by us, as supplemented from time to time. The BIMB-CZ is subject to the terms and conditions of the Base Prospectus dated 29 September 2023, First Supplementary Base Prospectus dated 13 October 2023, Second Supplementary Base Prospectus dated 06 December 2023 and the Term Sheet for the BIMB-CZ dated 18 December 2023.

A summary of the principal terms of the BIMB-CZ is set out in Table 1.


This announcement is dated 18 December 2023. 




Please refer attachment below.



Announcement Info

Company Name BIMB-CZ: CW BANK ISLAM MALAYSIA BERHAD (AM)
Stock Name BIMB-CZ
Date Announced 18 Dec 2023
Category General Announcement for PLC
Reference Number GA1-14122023-00021