Structured Warrants - Final Settlement
31/12/2020Structured Warrants - Final Settlement
| PENTA-CU: CW PENTAMASTER CORPORATION BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PENTAMASTER CORPORATION BERHAD ("PENTA") ("PENTA-CU") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 31 Dec 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.4879 |
| Payment Date | 12 Jan 2021 |
We wish to announce that the PENTA-CU expired at 5.00 p.m. on 31 Dec 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of PENTA-CU x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of PENTA-CU x (RM4.9598 - RM3.3333) x (1/3.3333) = Number of PENTA-CU x RM0.4879 The Closing Price of RM4.9598 is the arithmetic mean of daily volume weighted average market price of PENTA shares for the 5 market days prior to and including the market day immediately before the Expiry Date. The Cash Settlement Amount shall be made by way of cheque or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post. This announcement is dated 31 Dec 2020. |
Announcement Info
| Company Name | PENTA-CU: CW PENTAMASTER CORPORATION BERHAD (CIMB) |
| Stock Name | PENTA-CU |
| Date Announced | 31 Dec 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-31122020-00011 |
| Corporate Action ID | MY201231EXWA0011 |