Structured Warrants - Final Settlement
29/05/2020Structured Warrants - Final Settlement
| AXIATA-C43: CW AXIATA GROUP BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-C43") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 May 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the AXIATA-C43 expired at 5.00 p.m. on 29 May 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of AXIATA-C43 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of AXIATA-C43 x (RM3.7549 - RM5.50) x (1/5) = Number of AXIATA-C43 x RM0.0000 The Closing Price of RM3.7549 is the arithmetic mean of daily volume weighted average market price of AXIATA shares for the 5 market days prior to and including the market day immediately before the Expiry Date. As the Cash Settlement Amount is less than zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised AXIATA-C43 will cease to be valid and all our obligations in respect of the AXIATA-C43 shall terminate absolutely. This announcement is dated 29 May 2020. |
Announcement Info
| Company Name | AXIATA-C43: CW AXIATA GROUP BERHAD (CIMB) |
| Stock Name | AXIATA-C43 |
| Date Announced | 29 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29052020-00002 |
| Corporate Action ID | MY200529EXWA0002 |