Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to The Hong Kong and China Gas Company Ltd (Hong Kong and China Gas) structured products, futures and options to account for Hong Kong and China Gas’ bonus issue.
Corporate action overview
| Company (Stock Code)
|
Hong Kong and China Gas (3)
|
| Corporate Action |
1 bonus share for every 10 existing shares |
| Ex-date
|
8 June 2018
|
For details, please refer to the announcement made by Hong Kong and China Gas on 20 March 2018.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Hong Kong and China Gas as underlying asset
The listing documents of all existing structured products with the shares of Hong Kong and China Gas as underlying asset contain provisions that deal with a bonus issue. Structured product issuers will make announcements in the evening of 7 June 2018 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price and adjusted call price, as appropriate) and investors should read the contents of such announcements carefully.
Adjustment of Hong Kong and China Gas Futures and Options
For detailed trading and clearing arrangement of Hong Kong and China Gas Futures and Options after the adjustments, please refer to the circulars posted on HKEX website.
Investors should note that the adjusted and standard stock futures and options will 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