Structured Warrants - Final Settlement
| MAYBANKC1B: CW MALAYAN BANKING BERHAD (CIMB) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYAN BANKING BERHAD ("MAYBANK") ("MAYBANKC1B") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Sep 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0587 |
| Payment Date | 10 Oct 2023 |
We wish to announce that MAYBANKC1B expired at 5.00 p.m. on 29 September 2023 ("Expiry Date"). The Cash Settlement Amount is as follows:
Cash Settlement Amount = Number of MAYBANKC1B x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MAYBANKC1B x (RM8.8763 - RM8.70) x (1/3)
= Number of MAYBANKC1B x RM0.0587
The Closing Price of RM8.8763 was determined based on the arithmetic mean of daily volume weighted average market price of MAYBANK 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 holders of MAYBANKC1B by ordinary post.
This announcement is dated 29 September 2023. |
Announcement Info
| Company Name | MAYBANKC1B: CW MALAYAN BANKING BERHAD (CIMB) |
| Stock Name | MAYBANKC1B |
| Date Announced | 29 Sep 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-29092023-00015 |
| Corporate Action ID | MY230929EXWA0015 |