HKEX has announced the arrangements for the adjustment to SOHO China Ltd futures to account for SOHO China’s special dividend
OREANDA-NEWS. 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.
Overview
|
Company (Stock Code) |
SOHO China (410) |
|
Corporate Action |
Special Dividend of RMB0.19 per share |
|
Ex-date |
29 September 2016 |
The special dividend amount per share in Hong Kong dollars will be announced in due course.
For details, please refer to the announcement made by SOHO China on 17 August 2016.
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 China Futures
Trading Arrangements
The trading arrangements for the existing SOHO China stock futures under trading symbols SOH and SOB will be as follows:
| 1. |
Adjustment and Transfer of Outstanding Positions Open positions of SOHO China stock futures series under trading symbols SOH and SOB 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 symbols SOC and SOD respectively. |
| 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. |
Details of the adjustment procedures for SOHO China stock futures series under trading symbol SOH are as follows:
|
Adjustment Ratio (AR) |
(underlying stock closing price – special dividend) / |
Rounded to the nearest |
|
Adjusted Contracted Price (ACP) |
Contracted price of outstanding stock futures series x AR |
Rounded to the nearest |
|
Adjusted Contract Multiplier (ACM) |
Contracted price of outstanding stock futures series x |
Rounded to the nearest |
|
Adjusted |
SOC |
ACM |
From ex-date to 30 March 2017 |
No |
|
Standard |
SOH |
10,000 |
From ex-date onwards |
Yes |
Details of the adjustment procedures for SOHO China stock futures series under trading symbol SOB are as follows:
|
Adjustment Ratio (AR) |
(underlying stock closing price – special dividend) / |
Rounded to the nearest |
|
Adjusted Contracted Price (ACP) |
Contracted price of outstanding stock futures series x AR |
Rounded to the nearest |
|
Adjusted Contract Multiplier (ACM) |
Contracted price of outstanding stock futures series x |
Rounded to the nearest |
|
Adjusted |
SOD |
ACM |
From ex-date to 29 December 2016 |
No |
|
Adjusted |
SOB |
ACM* |
Not available for trading from |
No |
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