Adjustment of Henderson Land Structured Products, Futures and Options

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Henderson Land Development Company Ltd (Henderson Land) structured products, futures and options to account for Henderson Land'sbonus issue.

Overview

Company (Stock Code)

Henderson Land (12)

Corporate Action

1 new share for every 10 shares held

Ex-date

7 June 2017

For details, please refer to the announcement made byHenderson Land on 21 March 2017.

Highlights of the adjustment arrangements are set forth below. Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.

Structured products with shares of Henderson Land as underlying asset

The listing documents of all existing structured products with the shares of Henderson Land as underlying asset contain provisions that deal with a bonus issue. Structured product issuers will make announcements in the evening of 6 June 2017 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements carefully.

Henderson LandFutures

Trading Arrangements

The trading arrangements for the existing Henderson Land stock futures under trading symbol HLDwill be as follows:

1.

Adjustment and Transfer of Outstanding Positions

Open positions of Henderson Land stock futures series under trading symbol HLD which exist after the market close on the business day immediately before the ex-date will be adjusted and transferred to stock futures series under trading symbol HLB.

2.

Introduction of New Stock Futures Series for Trading

On the ex-date, new Henderson Land stock futures series based on the standard contract multiplier will be introduced for trading under the standard trading symbol HLD.



Details of the adjustment procedures for Henderson Land stock futures series under trading symbol HLDare as follows:

Adjustment Ratio (AR)

10 shares / (10 shares + 1 bonus share) = 0.9091

Rounded to the nearest
4 decimal places

Adjusted Contracted Price (ACP)

Contracted price of outstanding stock futures series x AR

Rounded to the nearest
2 decimal places

Adjusted Contract Multiplier (ACM)

Contracted price of outstanding stock futures series x
(1,000 shares / ACP)

Rounded to the nearest
4 decimal places

Adjusted

HLB

ACM

From ex-date to 28 December 2017

No

Standard

HLD

1,000

From ex-date onwards

Yes



For detailed trading and clearing arrangements, please refer to the circular.

Henderson LandOptions

Trading Arrangements

The trading arrangements for the existing Henderson Land stock options under trading symbols HLD and HLA will be as follows:

1.

Adjustment and Transfer of Outstanding Positions

Open positions of Henderson Land stock option series under trading symbols HLD and HLA which exist after the market close on the business day immediately before the ex-date will be adjusted and transferred to stock option series under trading symbols HLB and HLC respectively.

2.

Introduction of New Stock Option Series for Trading

On the ex-date, new Henderson Land stock option series based on the standard contract sizewill be introduced for trading under the standard trading symbol HLD.

D

etails of the adjustment procedures for Henderson Land stock option series under trading symbol HLD are as follows:

Adjustment Ratio (AR)

10 shares / (10 shares + 1 bonus share) = 0.9091

Rounded to the nearest 4 decimal places

Adjusted Exercise Price (AEP)

Exercise price of outstanding stock option series x AR

Rounded to the nearest 2 decimal places

Adjusted Contract Size (ACS)

Exercise price of outstanding stock option series x
(1,000 shares / AEP)

Rounded to the nearest 4 decimal places

Adjusted

HLB

ACS

From ex-date to 28 June 2018

No

Standard

HLD

1,000

From ex-date onwards

Yes

Details of the adjustment procedures for Henderson Landstock option series under trading symbol HLA are as follows:

Adjustment Ratio (AR)

10 shares / (10 shares + 1 bonus share) = 0.9091

Rounded to the nearest
4 decimal places

Adjusted Exercise Price (AEP)

Exercise price of outstanding option series x AR

Rounded to the nearest
2 decimal places

Adjusted Contract Size (ACS)

Exercise price of outstanding option series x
(ACS* / AEP)

Rounded to the nearest
4 decimal places

Adjusted

HLC

ACS

From ex-date to 29 June 2017

No

Adjusted

HLA

ACS*



Not available for trading from
ex-date onwards

No

Note: ACS* as per the contract sizes stated in the comparative table of strike prices in the circular issued on 3 June 2016. For more details, please refer to the circular.
For detailed trading and clearing arrangements, please refer to the circular. Investors should note that the adjusted and standard stock options have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.

Ends

HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 23 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 March 2017 10:12:16 UTC.

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