Structured Warrants - Final Settlement
30/09/2021Structured Warrants - Final Settlement
| PETDAG-C2: CW PETRONAS DAGANGAN BHD (CIMB) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRONAS DAGANGAN BERHAD ("PETDAG") ("PETDAG-C2") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Sep 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the PETDAG-C2 expired at 5.00 p.m. on 30 Sep 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of PETDAG-C2 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of PETDAG-C2 x (RM19.0541 - RM20.00) x (1/20) = Number of PETDAG-C2 x RM0.0000 The Closing Price of RM19.0541 is the arithmetic mean of daily volume weighted average market price of PETDAG 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 PETDAG-C2 will cease to be valid and all our obligations in respect of the PETDAG-C2 shall terminate absolutely. This announcement is dated 30 Sep 2021. |
Announcement Info
| Company Name | PETDAG-C2: CW PETRONAS DAGANGAN BHD (CIMB) |
| Stock Name | PETDAG-C2 |
| Date Announced | 30 Sep 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30092021-00029 |
| Corporate Action ID | MY210930EXWA0029 |