Structured Warrants - Final Settlement
22/05/2020Structured Warrants - Final Settlement
| AXIATA-C48: CW AXIATA GROUP BERHAD (RHB) |
| Description | RHB INVESTMENT BANK BERHAD ("RHBIB")
EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-C48") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 May 2020 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that AXIATA-C48 have expired at 9.00 a.m. on 22 May 2020 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per AXIATA-C48) (if the said amount is greater than zero).
The Settlement Price has been determined at RM 3.8620 being the arithmetic mean of the closing price of AXIATA 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 AXIATA-C48 exercised - 0.30%
= {(RM 3.8620 - RM 4.5000) / 5.5 } x Number of AXIATA-C48 exercised - 0.30%
= RM 0.0000 x Number of AXIATA-C48 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 22 May 2020. |
Announcement Info
| Company Name | AXIATA-C48: CW AXIATA GROUP BERHAD (RHB) |
| Stock Name | AXIATA-C48 |
| Date Announced | 22 May 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22052020-00011 |
| Corporate Action ID | MY200522EXWA0011 |