We are pleased to announce that MSFT-C3 have expired at 9.00 a.m. on 15 March 2024 ("Expiry Date") and the Holders shall be entitled to the Cash Settlement Amount (per MSFT-C3) (if the said amount is greater than zero).

The Settlement Price has been determined at USD413.2680, being the volume weighted average price (VWAP) of MSFT Stocks on the Nasdaq Stock Market LLC for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 

The Cash Settlement Amount shall be converted to RM prior to payment, using the prevailing rate of exchange being USD/MYR4.7045 on the Exercise Date at or about 5.00 p.m. Malaysia time ("Settlement Exchange Rate").

Cash Settlement Amount 

= {(Settlement Price - Exercise Price) / Exercise Ratio} x Settlement Exchange Rate x Number of MSFT-C3 exercised - 0.30%

= {(USD413.2680 - USD350.0000) / 1000} x 4.7045 x Number of MSFT-C3 exercised - 0.30%

= RM0.2978 x Number of MSFT-C3 exercised - 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.


This announcement is dated 15 March 2024.