Expiry Notice (24/11/2017)
If you are a warrant-holder of the warrants below, please take note!
CIMB-C22
DIALOG-C16
DRBHCOMC34
GENTINGC45
LBS-CA
MAYBANKC30
MBSB-C1
MRCB-C15
SENERGYC43
TENAGA-C37
UEMS-C44
UMWOG-C17

:alarm_A Quick Guide to Cash Settlement on Expiry!
A total of 12 Kenanga warrants will be expiring on 24/11/17 (Friday).

Which are the important dates?
Last trading: 5pm @21/11 (Today!)
Suspension date: 9am @22/11 (Tomorrow)
Expiry date: 9am @24/11 (Fri)

What happens on expiry?
- When Cash Settlement price > Exercise price = In-The-Money (ITM). Warrant will have value at expiry & automatically be exercised.
- When Cash Settlement price < Exercise price = Out-of-The-Money (OTM). Warrant expires worthless.

:o: Here's an EXAMPLE calculation for Cash Settlement Amount.
Say, you purchased 100,000 CIMB-C22 warrants.
Exercise price: RM5.70
Exercise ratio: 4 warrants to 1 mother share (aka underlying)

Your Cash Settlement Amount
= Number of CIMB-C22 exercised x [(Cash Settlement Price - Exercise Price) / Exercise Ratio ]
= 100,000 x [(6.00-5.70) / 4]
= RM7,500 approx

* The Cash Settlement Price of RM6.00 is the average daily volume weighted average price (VWAP) of the ordinary shares of CIMB for the five (5) market days prior to and including the market day immediately before the Expiry Date.
* The Cash Settlement Amount will be delivered to you via cheque by ordinary post within 7 market days from the Expiry Date.

 

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