Structured Warrants - Final Settlement
29/03/2021Structured Warrants - Final Settlement
| ABMB-C4: CW ALLIANCE BANK MALAYSIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ALLIANCE BANK MALAYSIA BERHAD ("ABMB") ("ABMB SHARE") ("ABMB-C4") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Mar 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0611 |
| Payment Date | 07 Apr 2021 |
We wish to announce that ABMB-C4 expired at 5.00 p.m. on 29 March 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of ABMB-C4 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of ABMB-C4 x (RM2.6554 - RM2.35) x (1/5)
= Number of ABMB-C4 x RM0.0611
The Closing Price of RM2.6554 is the average volume-weighted average price (VWAP) of the ABMB 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 March 2021. |
Announcement Info
| Company Name | ABMB-C4: CW ALLIANCE BANK MALAYSIA BERHAD (AM) |
| Stock Name | ABMB-C4 |
| Date Announced | 29 Mar 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29032021-00001 |
| Corporate Action ID | MY210329EXWA0001 |