Announcement Details/Table Section :
We are pleased to announce that PLUS-CC has expired at 9.01 a.m. on 8 June 2011 ("Expiry Date") and the Warrantholders shall be entitled to the Cash Settlement Amount (per PLUS-CC), determined in accordance to the following formula:
Settlement Price – Exercise Price | − | Exercise Expenses |
Exercise Ratio |
The Settlement Price has been determined at RM 4.5040, being the arithmetic mean of the closing price of PLUS Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date.
| Cash Settlement Amount |
| = | {(Settlement Price – Exercise Price) / Exercise Ratio} x Number of CW exercised – Exercise Expenses* |
| = | {(RM 4.5040- RM 3.50) / 4 } x Number of CW exercised – Exercise Expenses* |
| = | RM 0.2510 x Number of CW exercised – Exercise Expenses* |
* Equivalent to 0.30% of the intrinsic value.
The Cash Settlement Amount shall be paid to the Warrantholders within seven (7) market days from the Expiry Date.
