Pchem CB - final settlement of 0.065

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Banyak busuk one, want to announce dividen, early a bit but announce and ex at yesterday, This bring down the conversion price of pchem CB.


Else I think can get 0.07



General Announcement
Reference No MB-111208-7A3AE

Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD  
Name
:
PCHEM-CB: CW PETRONAS CHEMICALS GRP BHD (AM)  
Stock Name
:
PCHEM-CB  
Date Announced
:
08/12/2011  


Type
:
Announcement
Subject
:
STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT

Description
:
AmBANK (M) BERHAD (“AMBANK”)

EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF PETRONAS CHEMICALS GROUP BERHAD (“PCHEM”) (“PCHEM SHARES”) (“PCHEM-CB”)

Announcement Details/Table Section :

We wish to announce that the PCHEM-CB expired at 5.00 p.m. on 8 December 2011 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount:


= Number of PCHEM-CB x (Closing Price – Exercise Price) x (1/Exercise Ratio) – Exercise Expenses

= Number of PCHEM-CB x (RM6.1500 – RM5.50) x (1/10) – Exercise Expenses


= Number of PCHEM-CB x RM0.0650 – Exercise Expenses 

where:

Exercise Expenses = 0.3% x Number of PCHEM-CB x RM0.0650

The Closing Price of RM6.1500 is average of the closing prices of the PCHEM Shares on each of the five (5) market days immediately before the Expiry Date.


The Cash Settlement Amount shall be despatched as soon as practicable and no later than 7 market days following the Expiry Date by way of a crossed cheque drawn in favour of the warrantholder. Any payment made shall be delivered by ordinary post.

This announcement is dated 8 December 2011.