Structured Warrants - Final Settlement

31/12/2020

Structured Warrants - Final Settlement

GENTINGC88: CW GENTING BERHAD (CIMB)

Description
CIMB BANK BERHAD ("CIMB BANK")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTINGC88")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 31 Dec 2020 05:00 PM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that the GENTINGC88 expired at 5.00 p.m. on 31 Dec 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount = Number of GENTINGC88 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
 = Number of GENTINGC88 x (RM4.5018 - RM4.55) x (1/4)
 = Number of GENTINGC88 x RM0.0000

The Closing Price of RM4.5018 is the arithmetic mean of daily volume weighted average market price of GENTING shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

As the Cash Settlement Amount is less than zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised GENTINGC88 will cease to be valid and all our obligations in respect of the GENTINGC88 shall terminate absolutely.

This announcement is dated 31 Dec 2020.
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Announcement Info

Company Name GENTINGC88: CW GENTING BERHAD (CIMB)
Stock Name GENTINGC88
Date Announced 31 Dec 2020
Category Structured Warrants - Final Settlement
Reference Number SWF-31122020-00024
Corporate Action ID MY201231EXWA0024


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