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Stock Exchange Filings

Stock Exchange Filings

Expiry Of European Style Non-Collateralised Cash-Settled Call Warrants Over The Ordinary Shares Of Axiata Group Berhad ("Axiata") ("Axiata-CE")

Back 13 Dec 2010
Date Announced
:
13/12/2010  




Type
:
Announcement
Subject
:
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-CE")

Contents
:
We wish to announce that the AXIATA-CE expired at 9.00 a.m. on 10 December 2010 ("Expiry Date") and the cash settlement amount shall be calculated as set out below.

Announcement Details :

Cash Settlement Amount = Number of AXIATA-CE x (1/Entitlement) x (Closing Price – Exercise Price)
= Number of AXIATA-CE x (1/4) x (RM4.7232 – RM3.06)
= Number of AXIATA-CE x RM0.4158

The Closing Price of RM4.7232 is the volume weighted average market price of the ordinary shares of AXIATA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The AXIATA-CE is deemed to have been automatically exercised on the Expiry Date.

The Cash Settlement Amount (after deducting all exercise expenses) will be delivered to warrantholders by ordinary post within seven (7) market days from the Expiry Date.

This announcement is dated 13 December 2010.

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