Structured Warrants - Final Settlement
| MAYBANKC1A: CW MALAYAN BANKING BERHAD (AFFIN) |
| Description | EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYAN BANKING BERHAD ("MAYBANK") ("MAYBANKC1A") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 28 Nov 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0262 |
| Payment Date | 07 Dec 2023 |
We wish to announce that MAYBANKC1A has expired at 5.00 p.m. on 28 November 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as follows:
Cash Settlement Amount
= Number of MAYBANKC1A x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MAYBANKC1A x (RM9.0900 - RM8.8800) x (1/8)
= Number of MAYBANKC1A x RM0.0262
The Closing Price of RM9.0900 was determined based on the average closing price of the MAYBANK Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.
This announcement is dated 28 November 2023. |
Announcement Info
| Company Name | MAYBANKC1A: CW MALAYAN BANKING BERHAD (AFFIN) |
| Stock Name | MAYBANKC1A |
| Date Announced | 28 Nov 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-28112023-00005 |
| Corporate Action ID | MY231128EXWA0005 |