Structured Warrants - Final Settlement
| SIMEPROP-C11: CW SIME DARBY PROPERTY BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SIME DARBY PROPERTY BERHAD ("SIMEPROP") ("SIMEPROP SHARE") ("SIMEPROP-C11") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 09 Jun 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that SIMEPROP-C11 expired at 5.00 p.m. on 09 June 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SIMEPROP-C11 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SIMEPROP-C11 x (RM0.4635 - RM0.5000) x (1/1)
= Number of SIMEPROP-C11 x RM0.0000
The Closing Price of RM 0.4635 is the average volume-weighted average price (VWAP) of the SIMEPROP 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 SIMEPROP-C11 shall become void and cease to have exercise rights and our obligation in respect of SIMEPROP-C11 shall terminate absolutely.
This announcement is dated 09 June 2023. |
Announcement Info
| Company Name | SIMEPROP-C11: CW SIME DARBY PROPERTY BERHAD (AM) |
| Stock Name | SIMEPROP-C11 |
| Date Announced | 09 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-09062023-00005 |
| Corporate Action ID | MY230609EXWA0005 |