Announcement Details/Table Section :
We are pleased to announce that MUDAJYA-CD have expired at 9.01 a.m. on 1 August 2011 ("Expiry Date") and the Warrantholders shall be entitled to the Cash Settlement Amount (per MUDAJYA-CD), determined in accordance to the following formula:
Settlement Price – Exercise Price | − | Exercise Expenses |
Exercise Ratio |
The Settlement Price has been determined at RM 3.2260, being the arithmetic mean of the closing price of MUDAJYA 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 3.2260 - RM 3.90) / 6 } x Number of CW exercised – Exercise Expenses* |
| = | RM 0.0000 x Number of CW exercised – Exercise Expenses* |
* Equivalent to 0.30% of the intrinsic value.
As the Settlement Price is less than the Exercise Price, the Cash Settlement Amount is negative. Warrantholders will not be entitled to receive any payment of the Cash Settlement Amount.
This announcement is dated 1 August 2011. |
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