Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Yanzhou Coal Mining Co Ltd (Yanzhou Coal) structured products, futures and options to account for Yanzhou Coal’s issuance of special dividend.
Corporate action overview
|Company (Stock Code)
|Yanzhou Coal (1171)
|Special Dividend of RMB1 per share
|To be announced
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Yanzhou Coal as underlying asset
The listing documents of all existing structured products with the shares of Yanzhou Coal 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 a business day immediately prior to the ex-dividend 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.
Adjustment of Yanzhou Coal Futures and Options
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.