Structured Warrants - Final Settlement
28/06/2021Structured Warrants - Final Settlement
| ATAIMS-CA: CW ATA IMS BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ATA IMS BERHAD ("ATAIMS") ("ATAIMS SHARE") ("ATAIMS-CA") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Jun 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1412 |
| Payment Date | 07 Jul 2021 |
We wish to announce that ATAIMS-CA expired at 5.00 p.m. on 28 June 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of ATAIMS-CA x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of ATAIMS-CA x (RM2.5062 - RM1.80) x (1/5)
= Number of ATAIMS-CA x RM0.1412
The Closing Price of RM2.5062 is the average volume-weighted average price (VWAP) of the ATAIMS 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 28 June 2021. |
Announcement Info
| Company Name | ATAIMS-CA: CW ATA IMS BERHAD (AM) |
| Stock Name | ATAIMS-CA |
| Date Announced | 28 Jun 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28062021-00001 |
| Corporate Action ID | MY210628EXWA0001 |