Structured Warrants - Final Settlement
BYD-C2: CW BYD COMPANY LIMITED (RHB) |
Description | RHB INVESTMENT BANK BERHAD ("RHBIB") EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BYD COMPANY LIMITED ("BYD") ("BYD-C2") |
Instrument Type | CALL WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 28 Jun 2021 09:00 AM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1012 |
Payment Date | 07 Jul 2021 |
We are pleased to announce that BYD-C2 has expired at 9.00 a.m. on 28 June 2021 ("Expiry Date") and the Holders shall be entitled to the Cash Settlement Amount (per BYD-C2) (if the said amount is greater than zero). The Settlement Price has been determined at HKD 228.4400 being the arithmetic mean of the closing price of BYD Shares on the Stock Exchange of Hong Kong for the five (5) scheduled market days prior to and including the market day before the Expiry Date. The Cash Settlement Amount shall be converted to RM prior to payment, using the prevailing rate of exchange being HKD/MYR 0.5339 on the Exercise Date at or about 5.00 p.m. Malaysia time ("Settlement Exchange Rate"). Cash Settlement Amount = {(Settlement Price - Exercise Price) / Exercise Ratio} x Settlement Exchange Rate x Number of BYD-C2 exercised - 0.30% = {(HKD 228.4400 - HKD 200.0000) / 150 } x 0.5339 x Number of BYD-C2 exercised - 0.30% = HKD 0.1896 x 0.5339 x Number of BYD-C2 exercised - 0.30% = RM 0.1012 x Number of BYD-C2 exercised - 0.30% Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors. This announcement is dated 28 June 2021. |
Announcement Info
Company Name | BYD-C2: CW BYD COMPANY LIMITED (RHB) |
Stock Name | BYD-C2 |
Date Announced | 28 Jun 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-28062021-00033 |
Corporate Action ID | MY210628EXWA0033 |