KUALA LUMPUR: CIMB Bank Bhd is issuing an additional 50 million call warrants (CWs) over the ordinary shares of GAMUDA BHD [].
CIMB Bank said on Wednesday, Dec 29 the additional European style non-collateralised cash-settled CWs was to facilitate the market making process of the existing issue.
'The further issue will form part of the existing Issue and the terms and conditions of the further issue will be identical with the existing issue (of 50 million CWs),' it said.
It said the exercise ratio would be five Gamuda-CN CWs over one Gamuda share. The exercise price would be RM3.88.
CIMB Bank said the allotment date was on Wednesday and the expiry date would be Oct 11, 2011.
CIMB Bank said on Wednesday, Dec 29 the additional European style non-collateralised cash-settled CWs was to facilitate the market making process of the existing issue.
'The further issue will form part of the existing Issue and the terms and conditions of the further issue will be identical with the existing issue (of 50 million CWs),' it said.
It said the exercise ratio would be five Gamuda-CN CWs over one Gamuda share. The exercise price would be RM3.88.
CIMB Bank said the allotment date was on Wednesday and the expiry date would be Oct 11, 2011.
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