Structured Warrants - Final Settlement
| SHANG-CA: CW SHANGRI-LA HOTELS (MALAYSIA) BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SHANGRI-LA HOTELS (MALAYSIA) BERHAD ("SHANG") ("SHANG SHARE") ("SHANG-CA") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 20 Jan 2025 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that SHANG-CA expired at 5.00 p.m. on 20 January 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SHANG-CA x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SHANG-CA x (RM2.0287 - RM2.5000) x (1/5)
= Number of SHANG-CA x RM0.0000
The Closing Price of RM 2.0287 is the average volume-weighted average price (VWAP) of the SHANG Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and SHANG-CA shall become void and cease to have exercise rights and our obligation in respect of SHANG-CA shall terminate absolutely.
This announcement is dated 20 January 2025. |
Announcement Info
| Company Name | SHANG-CA: CW SHANGRI-LA HOTELS (MALAYSIA) BERHAD (AM) |
| Stock Name | SHANG-CA |
| Date Announced | 20 Jan 2025 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-20012025-00009 |
| Corporate Action ID | MY250120EXWA0009 |