Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Cathay Pacific Airways Limited (Cathay Pac Air) structured products, futures and options to account for Cathay Pac Air’s rights issue.
Corporate action overview
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Company (Stock Code)
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Cathay Pac Air (293)
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Corporate Action
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7 Rights Shares for every 11 existing Shares held
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Ex-rights date
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15 July 2020
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Please refer to the announcement made by Cathay Pac Air on 9 June 2020 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Cathay Pac Air as underlying asset
The listing documents of all existing structured products with the shares of Cathay Pac Air as underlying asset contain provisions that deal with a rights issue. Structured product issuers will make announcements in the evening of 14 July 2020 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price). Investors should read the contents of such announcements on the relevant adjustments.
Adjustment of Cathay Pac Air Futures and Options
For detailed trading and clearing arrangement of Cathay Pac Air 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