PBBANK-JB: CBLC PUBLIC BANK BERHAD (CIMB) (1295JB, PBBANK-JB)
DateApr 30 2012
|STRUCTURED WARRANTS ANNOUNCEMENT|
|CIMB BANK BERHAD (“CIMB BANK”)|
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALLABLE BULL CERTIFICATES OVER ORDINARY SHARES OF PUBLIC BANK BERHAD (“PBBANK”) (“PBBANK-JB”)
Announcement Details/Table Section :
We wish to announce that the PBBANK-JB expired at 5.00 p.m. on 30 April 2012 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount
Number of PBBANK-JB x (Closing Price – Exercise Price) x (1/Exercise Ratio)
Number of PBBANK-JB x (RM13.6880 – RM10.70) x (1/15)
Number of PBBANK-JB x RM0.1992
The Closing Price of RM13.6880 is the average of the closing price of PBBANK shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.
This announcement is dated 30 April 2012.