Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Dongfeng Motor Group Co. Ltd. (Dongfeng Group) structured products and options to account for Dongfeng Group’s special dividend distribution.
Corporate action overview
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Company (Stock Code)
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Dongfeng Group (489)
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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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17 September 2021 |
Please refer to the announcements made by Dongfeng Group on 26 August 2021 for details.
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0826/2021082600984.pdf
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0826/2021082600998.pdf
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Dongfeng Group as underlying asset
The listing documents of all existing structured products with the shares of Dongfeng Group 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 16 September 2021 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements.
Adjustment of Dongfeng Group Options
For detailed trading and clearing arrangement of Dongfeng Group Options after the 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