Structured Warrants - Final Settlement
| AFFIN-C6: CW AFFIN BANK BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AFFIN BANK BERHAD ("AFFIN") ("AFFIN SHARE") ("AFFIN-C6") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Feb 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1741 |
| Payment Date | 11 Mar 2024 |
We wish to announce that AFFIN-C6 expired at 5.00 p.m. on 29 February 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of AFFIN-C6 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of AFFIN-C6 x (RM2.6223 - RM2.1000) x (1/3)
= Number of AFFIN-C6 x RM0.1741
The Closing Price of RM 2.6223 is the average volume-weighted average price (VWAP) of the AFFIN Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post.
This announcement is dated 29 February 2024. |
Announcement Info
| Company Name | AFFIN-C6: CW AFFIN BANK BERHAD (AM) |
| Stock Name | AFFIN-C6 |
| Date Announced | 29 Feb 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29022024-00015 |
| Corporate Action ID | MY240229EXWA0015 |