Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to SOHO China Ltd (SOHO China) futures to account for SOHO China's special dividend.
For details, please refer to the announcement made bySOHO China on 23 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.
SOHO ChinaFutures
Trading Arrangements
The trading arrangements for the existing SOHO China stock futures under trading symbol SOHwill be as follows:
1. | Adjustment and Transfer of Outstanding Positions
Open positions of SOHO China stock futures series under trading symbol SOH 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 SOB. |
2. | Introduction of New Stock Futures Series for Trading On the ex-date, new SOHO China stock futures series based on the standard contract multiplier will be introduced for trading under the standard trading symbol SOH. |
Adjustment Ratio (AR) | (underlying stock closing price - special dividend) / underlying stock closing price | 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 (10,000 shares / ACP) | Rounded to the nearest 4 decimal places |
Adjusted | SOB | ACM |
From ex-date to | No |
Standard | SOH | 10,000 | From ex-date onwards | Yes |
For detailed trading and clearing arrangements, please refer to the circular.
Ends
HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 10:11:10 UTC.
Original documenthttp://www.hkex.com.hk/eng/newsconsul/hkexnews/2017/170324news.htm
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