Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Power Assets Holdings Ltd (Power Assets) structured products, futures and options to account for Power Assets’ special interim dividend.
Corporate action overview
| Company (Stock Code) |
Power Assets (6) |
| Corporate Action |
Special Interim Dividend of $6 per Share |
| Ex-date |
3 April 2018 |
For details, please refer to the
announcement made by Power Assets on 16 March 2018.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Adjustment of structured products with shares of Power Assets as underlying asset
The listing documents of all existing structured products with the shares of Power Assets 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 29 March 2018 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price and adjusted call price, as appropriate). Investors should read the contents of such announcements carefully.
Adjustment of Power Assets Futures and Options
For detailed trading and clearing arrangement of Power Assets 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