Structured Warrants - Final Settlement
| BIMB-CZ: CW BANK ISLAM MALAYSIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BANK ISLAM MALAYSIA BERHAD ("BIMB") ("BIMB SHARE") ("BIMB-CZ") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 13 Sep 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0513 |
| Payment Date | 25 Sep 2024 |
We wish to announce that BIMB-CZ expired at 5.00 p.m. on 13 September 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of BIMB-CZ x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of BIMB-CZ x (RM2.6294 - RM2.4500) x (1/3.5)
= Number of BIMB-CZ x RM0.0513
The Closing Price of RM 2.6294 is the average volume-weighted average price (VWAP) of the BIMB 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 13 September 2024. |
Announcement Info
| Company Name | BIMB-CZ: CW BANK ISLAM MALAYSIA BERHAD (AM) |
| Stock Name | BIMB-CZ |
| Date Announced | 13 Sep 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-13092024-00001 |
| Corporate Action ID | MY240913EXWA0001 |