Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to MGM China Holdings Limited (MGM China) structured products and options to account for MGM China’s special dividend issuance.
Corporate action overview
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Company (Stock Code)
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MGM China (2282)
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Corporate Action
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Special Dividend of HK$0.353 per share
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Ex-date
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11 September 2024
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Please refer to the announcement made by MGM China’s on 29 August for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of MGM China as underlying asset
The listing documents of all existing structured products with the shares of MGM China 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 10 September 2024 regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price) and investors should read the contents of such announcements.
Adjustments of MGM China Options
For detailed trading, clearing and settlement arrangements of MGM China Options after adjustments, please refer to the circular posted on HKEX website.
Investors should note that the adjusted and standard stock 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