Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to CNOOC Limited (CNOOC) structured products, futures and options to account for CNOOC’s special dividend issuance.
Corporate action overview
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Company (Stock Code)
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CNOOC (883)
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Corporate Action
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Special dividend of $1.18 per share
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Ex-date
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9 June 2022
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Please refer to the announcement made by CNOOC on 28 April 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 CNOOC as underlying asset
The listing documents of all existing structured products with the shares of CNOOC 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 8 June 2022 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.
Adjustments of CNOOC Futures and Options
For detailed trading, clearing and settlement arrangements of CNOOC Futures and Options after adjustments, please refer to the circulars posted on the 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