Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to New World Development Co Ltd (New World Development) structured products, futures and options to account for New World Development’s conditional special dividend distribution.
Corporate action overview
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Company (Stock Code)
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New World Development (17)
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Corporate Action
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Conditional Special Dividend of HKD 1.59 per share
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Ex-date
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23 November 2023
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Please refer to the announcement made by New World Development on 29 September 2023 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of New World Development as underlying asset
The listing documents of all existing structured products with the shares of New World Development 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 22 November 2023 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price) and investors should read the contents of such announcements.
Adjustments New World Development Futures and Options
For detailed trading, clearing and settlement arrangements of New World Development Futures and Options after adjustments, please refer to the circular 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