ARMADA-CC: CW BUMI ARMADA BERHAD (CIMB) (5210CC, ARMADA-CC)
DateApr 30 2012
|STRUCTURED WARRANTS ANNOUNCEMENT|
|CIMB BANK BERHAD (“CIMB BANK”)|
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BUMI ARMADA BERHAD (“ARMADA”) (“ARMADA-CC”)
Announcement Details/Table Section :
We wish to announce that the ARMADA-CC 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 ARMADA-CC x (Closing Price – Exercise Price) x (1/Exercise Ratio)
Number of ARMADA-CC x (RM4.2060 – RM2.94) x (1/4)
Number of ARMADA-CC x RM0.3165
The Closing Price of RM4.2060 is the average of the closing price of ARMADA 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.