MBSB CA final settlement price


General Announcement
Reference No MB-120418-268CF

Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD  
Name
:
MBSB-CA: CW MALAYSIA BUILDING SOCIETY BERHAD (AM)  
Stock Name
:
MBSB-CA  
Date Announced
:
18/04/2012  


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 MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”) (“MBSB SHARES”) (“MBSB-CA”)

Announcement Details/Table Section :

We wish to announce that the MBSB-CA expired at 5.00 p.m. on 18 April 2012 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount:


= Number of MBSB-CA x (Closing Price – Exercise Price) x (1/Exercise Ratio) – Exercise Expenses

= Number of MBSB-CA x (RM2.1760 – RM1.48) x (1/3) – Exercise Expenses


= Number of MBSB-CA x RM0.2320 – Exercise Expenses 

where:

Exercise Expenses = 0.3% x Number of MBSB-CA x RM0.2320

The Closing Price of RM2.1760 is the average of the closing prices of the MBSB 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 seven (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 18 April 2012.