Structured Warrants - Final Settlement
MAYBANKC1E: CW MALAYAN BANKING BERHAD (AM) |
Description | AMBANK (M) BERHAD ("AMBANK") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MALAYAN BANKING BERHAD ("MAYBANK") ("MAYBANK SHARE") ("MAYBANKC1E") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 21 Dec 2023 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0409 |
Payment Date | 03 Jan 2024 |
We wish to announce that MAYBANKC1E expired at 5.00 p.m. on 21 December 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount: = Number of MAYBANKC1E x (Closing Price - Exercise Price) x (1/Exercise Ratio) = Number of MAYBANKC1E x (RM9.0085 - RM8.6000) x (1/10) = Number of MAYBANKC1E x RM0.0409 The Closing Price of RM 9.0085 is the average volume-weighted average price (VWAP) of the MAYBANK Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date. The Cash Settlement Amount shall be despatched as soon as practicable and no later than seven (7) market days following the Expiry Date by way of a crossed cheque drawn in favour of the holder or by electronic transfer. Any payment made shall be delivered by ordinary post. This announcement is dated 21 December 2023. |
Announcement Info
Company Name | MAYBANKC1E: CW MALAYAN BANKING BERHAD (AM) |
Stock Name | MAYBANKC1E |
Date Announced | 21 Dec 2023 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-21122023-00002 |
Corporate Action ID | MY231221EXWA0002 |