Structured Warrants - Final Settlement
31/05/2021Structured Warrants - Final Settlement
| QL-CW: CW QL RESOURCES BERHAD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF QL RESOURCES BERHAD ("QL") ("QL-CW") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 31 May 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the QL-CW expired at 5.00 p.m. on 31 May 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of QL-CW x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of QL-CW x (RM6.0328 - RM6.50) x (1/6) = Number of QL-CW x RM0.0000 The Closing Price of RM6.0328 is the arithmetic mean of daily volume weighted average market price of QL 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 QL-CW will cease to be valid and all our obligations in respect of the QL-CW shall terminate absolutely. This announcement is dated 31 May 2021. |
Announcement Info
| Company Name | QL-CW: CW QL RESOURCES BERHAD (CIMB) |
| Stock Name | QL-CW |
| Date Announced | 31 May 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29052021-00004 |
| Corporate Action ID | MY210529EXWA0004 |