Structured Warrants - Final Settlement
30/10/2020Structured Warrants - Final Settlement
| PCHEM-C47: CW PETRONAS CHEMICALS GROUP BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRONAS CHEMICALS GROUP BERHAD ("PCHEM") ("PCHEM-C47") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Oct 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the PCHEM-C47 expired at 5.00 p.m. on 30 October 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of PCHEM-C47 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of PCHEM-C47 x (RM5.9405 - RM6.50) x (1/5) = Number of PCHEM-C47 x RM0.0000 The Closing Price of RM5.9405 is the arithmetic mean of daily volume weighted average market price of PCHEM 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 PCHEM-C47 will cease to be valid and all our obligations in respect of the PCHEM-C47 shall terminate absolutely. This announcement is dated 30 October 2020. |
Announcement Info
| Company Name | PCHEM-C47: CW PETRONAS CHEMICALS GROUP BERHAD (CIMB) |
| Stock Name | PCHEM-C47 |
| Date Announced | 30 Oct 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29102020-00014 |
| Corporate Action ID | MY201029EXWA0014 |