Structured Warrants - Final Settlement
29/01/2021Structured Warrants - Final Settlement
| TOPGLOV-C84: CW TOP GLOVE CORPORATION BHD (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TOP GLOVE CORPORATION BHD ("TOPGLOV") ("TOPGLOV-C84") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Jan 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0391 |
| Payment Date | 10 Feb 2021 |
We wish to announce that the TOPGLOV-C84 expired at 5.00 p.m. on 29 Jan 2021 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of TOPGLOV-C84 x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of TOPGLOV-C84 x (RM6.2611 - RM6.00) x (1/6.6667) = Number of TOPGLOV-C84 x RM0.0391 The Closing Price of RM6.2611 is the arithmetic mean of daily volume weighted average market price of TOPGLOV 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 29 Jan 2021. |
Announcement Info
| Company Name | TOPGLOV-C84: CW TOP GLOVE CORPORATION BHD (CIMB) |
| Stock Name | TOPGLOV-C84 |
| Date Announced | 29 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27012021-00017 |
| Corporate Action ID | MY210127EXWA0017 |