Structured Warrants - Final Settlement
| GENM-C77: CW GENTING MALAYSIA BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING MALAYSIA BERHAD ("GENM") ("GENM SHARE") ("GENM-C77") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 22 Jan 2021 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that GENM-C77 expired at 5.00 p.m. on 22 January 2021 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of GENM-C77 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of GENM-C77 x (RM2.4176 - RM2.55) x (1/5)
= Number of GENM-C77 x RM0.0000
The Closing Price of RM2.4176 is the average volume-weighted average price (VWAP) of the GENM Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and GENM-C77 shall become void and cease to have exercise rights and our obligation in respect of GENM-C77 shall terminate absolutely.
This announcement is dated 22 January 2021. |
Announcement Info
| Company Name | GENM-C77: CW GENTING MALAYSIA BERHAD (AM) |
| Stock Name | GENM-C77 |
| Date Announced | 22 Jan 2021 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-22012021-00004 |
| Corporate Action ID | MY210122EXWA0004 |