Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to China Petroleum & Chemical Corporation (Sinopec Corp) structured products, futures and options to account for Sinopec Corp’s special interim dividend issuance.
Corporate action overview
| Company (Stock code) |
Sinopec Corp (386) |
|
Corporate action
|
Special Interim Dividend of RMB 0.07 per share
|
|
Ex-date
|
14 October 2020
|
Please refer to the announcement made by Sinopec Corp on 28 August 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 Sinopec Corp as underlying asset
The listing documents of all existing structured products with the shares of China Petroleum & Chemical Corporation 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 13 October 2020 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price and adjusted call price, as appropriate) and investors should read the contents of such announcements.
Adjustment of Sinopec Corp Futures and Options
For detailed trading and clearing arrangement of Sinopec Corp 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