Structured Warrants - Final Settlement
30/09/2020Structured Warrants - Final Settlement
| GAMUDA-C77: CW GAMUDA BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GAMUDA BERHAD ("GAMUDA") ("GAMUDA-C77") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Sep 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the GAMUDA-C77 expired at 5.00 p.m. on 30 September 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of GAMUDA-C77 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of GAMUDA-C77 x (RM3.3590 - RM3.80) x (1/4) = Number of GAMUDA-C77 x RM0.00 The Closing Price of RM3.3590 is the arithmetic mean of daily volume weighted average market price of GAMUDA 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 GAMUDA-C77 will cease to be valid and all our obligations in respect of the GAMUDA-C77 shall terminate absolutely. This announcement is dated 30 September 2020. |
Announcement Info
| Company Name | GAMUDA-C77: CW GAMUDA BERHAD (CIMB) |
| Stock Name | GAMUDA-C77 |
| Date Announced | 30 Sep 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30092020-00014 |
| Corporate Action ID | MY200930EXWA0014 |