Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Yanzhou Coal Mining Company Limited (Yanzhou Coal) structured products, futures and options to account for Yanzhou Coal’s special dividend issuance.
Corporate action overview
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Company (Stock Code)
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Yanzhou Coal (1171)
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Corporate Action
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Special Dividend of RMB0.40 per share
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Ex-date
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23 June 2021 |
Please refer to the announcement made by Yanzhou Coal on 28 March 2021 and 18 May 2021 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Yanzhou Coal as underlying asset
The listing documents of all existing structured products with the shares of Yanzhou Coal as underlying asset contain provisions that deal with a cash distribution including a special dividend. Structured product issuers will make announcements in the evening of a business day immediately prior to the Ex-date regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements.
Adjustments of Yanzhou Coal Futures and Options
For detailed trading and clearing arrangement of Yanzhou Coal Futures and Options after adjustments, please refer to the circular posted on HKEX website.
Investors should note that the adjusted and standard stock 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