Structured Warrants - Final Settlement
22/07/2021Structured Warrants - Final Settlement
| AXIATA-C64: CW AXIATA GROUP BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA SHARE") ("AXIATA-C64") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Jul 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1466 |
| Payment Date | 02 Aug 2021 |
We wish to announce that AXIATA-C64 expired at 5.00 p.m. on 22 July 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of AXIATA-C64 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of AXIATA-C64 x (RM3.7797 - RM2.90) x (1/6)
= Number of AXIATA-C64 x RM0.1466
The Closing Price of RM3.7797 is the average volume-weighted average price (VWAP) of the AXIATA 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 22 July 2021. |
Announcement Info
| Company Name | AXIATA-C64: CW AXIATA GROUP BERHAD (AM) |
| Stock Name | AXIATA-C64 |
| Date Announced | 22 Jul 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22072021-00019 |
| Corporate Action ID | MY210722EXWA0019 |