Structured Warrants - Final Settlement
| MAYBANKC88: 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") ("MAYBANKC88") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 11 Nov 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.0034 |
| Payment Date | 22 Nov 2022 |
We wish to announce that MAYBANKC88 expired at 5.00 p.m. on 11 November 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of MAYBANKC88 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of MAYBANKC88 x (RM8.5402 - RM8.50) x (1/12)
= Number of MAYBANKC88 x RM0.0034
The Closing Price of RM8.5402 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 11 November 2022. |
Announcement Info
| Company Name | MAYBANKC88: CW MALAYAN BANKING BERHAD (AM) |
| Stock Name | MAYBANKC88 |
| Date Announced | 11 Nov 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-11112022-00021 |
| Corporate Action ID | MY221111EXWA0021 |