We wish to announce that the BURSA-CP expired at 5.00 p.m. on 18 May 2011 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount | = | Number of BURSA-CP x (Closing Price – Exercise Price) x (1/Exercise Ratio) |
| = | Number of BURSA-CP x (RM7.7971 – RM7.00) x (1/6) |
| = | Number of BURSA-CP x RM0.1329 |
The Closing Price of RM7.7971 is the arithmetic mean of daily volume weighted average market price of BURSA 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 18 May 2011.
