YTL-CR oh YTL-CR

Those who buy at 2 cents get back nothing.

Final settlement price is 0.0161



YTL-CR: CW YTL CORPORATION BERHAD (CIMB)

TypeAnnouncement
SubjectSTRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
DescriptionCIMB BANK BERHAD (“CIMB BANK”)

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF YTL CORPORATION BERHAD (“YTL”) (“YTL-CR”)

We wish to announce that the YTL-CR expired at 5.00 p.m. on 30 Apr 2014 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount
=
Number of YTL-CR x (Closing Price  Exercise Price) x (1/Exercise Ratio)

=
Number of YTL-CR x (RM1.6241  RM1.60) x (1/1.50)

=
Number of YTL-CR x RM0.0161
The Closing Price of RM1.6241 is the arithmetic mean of daily volume weighted average market price of YTL 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 30 Apr 2014.