EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-CE")
Contents
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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.
