Structured Warrants - Final Settlement
24/12/2020Structured Warrants - Final Settlement
| AIRPORT-C21: CW MALAYSIA AIRPORTS HOLDINGS BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYSIA AIRPORTS HOLDINGS BERHAD ("AIRPORT") ("AIRPORT-C21") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 24 Dec 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that AIRPORT-C21 have expired at 9.00 a.m. on 24 December 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per AIRPORT-C21) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 5.6980 being the arithmetic mean of the closing price of AIRPORT Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
Cash Settlement Amount
= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of AIRPORT-C21 exercised - 0.30%
= {(RM 5.6980 - RM 5.8000) / 6.5 } x Number of AIRPORT-C21 exercised - 0.30%
= RM 0.0000 x Number of AIRPORT-C21 exercised - 0.30%
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative.
Warrant holders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 24 December 2020. |
Announcement Info
| Company Name | AIRPORT-C21: CW MALAYSIA AIRPORTS HOLDINGS BERHAD (RHB) |
| Stock Name | AIRPORT-C21 |
| Date Announced | 24 Dec 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-24122020-00009 |
| Corporate Action ID | MY201224EXWA0009 |