Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Ganfeng Lithium Co Ltd (Ganfeng Lithium) structured products, futures and options to account for Ganfeng Lithium’s bonus share issuance.
Corporate action overview
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Company (Stock Code)
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Ganfeng Lithium (1772)
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Corporate Action
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Issue four bonus shares for every ten shares
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Ex-date
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17 June 2022
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Please refer to the announcement made by Ganfeng Lithium on 31 March 2022 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Ganfeng Lithium as underlying asset
The listing documents of all existing structured products with the shares of Ganfeng Lithium as underlying asset contain provisions that deal with a bonus issue. 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, adjusted exercise price and adjusted call price, as appropriate) and investors should read the contents of such announcements carefully.
Adjustments of Ganfeng Lithium Futures and Options
For detailed trading, clearing and settlement arrangements of Ganfeng Lithium Futures and Options after 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