CIMB Bank to issue 50m CWs each on JCY, MAS, Supermax, MPHB

KUALA LUMPUR: CIMB Bank Bhd has issued 50 million European-style call warrants (CWs) each over the shares of JCY International Bhd, MALAYSIAN AIRLINE SYSTEM BHD [] (MAS), Supermax Corp Bhd and MULTI-PURPOSE HOLDINGS BHD [] (MPHB).

According to several announcements made by CIMB Bank Bhd on Monday, the tentative listing date is Tuesday, March 9 and the expiry date is March 10, 2011.

The exercise ratio is two JCY CWs for every one shares while the exercise price is RM1.35, which is 92.47% of the closing price of the shares on the price-fixing date on Feb 25 of RM1.46. The issue price for the JCY-CW is 15 sen.

As for the MAS-CW, the exercise ratio is two CWs to one MAS share and the exercise price is RM2, being 96.15% of the closing price on the price-fixing date of Feb 25 of RM2.08. The issue price for the MAS-CW is 18 sen.

On the Supermax-CW, the exercise ratio is eight CWs to one Supermax share and the exercise price is RM5.60, which is 95.08% of the closing price on Feb 25. The issue price for the Supermax-CW is 17.5 sen.

It said the MPHB-CW's exercise ratio is two CWs to one share and the exercise price is RM1.80, which is 93.26% of the closing price on Feb 25. The issue price is 17.5 sen.

Folliwing the issuance of the four CWs, the number of CWs issued by CIMB Bank is 79.