1. No category

編號
MO/DT/004/15
Ref. No.:
日期
2015 年 1 月 12 日
Date:
12 January 2015
香港聯合交易所有限公司
Date:
(香港交易及結算所有限公司全資附屬公司)
The Stock Exchange of Hong Kong Limited
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
通告 CIRCULAR
事項
Subject:
Comparative Table of Strike Prices of China Resources Land Limited
Option Contracts
查詢
Enquiry:
HKATS Hotline
2211-6360
Reference is made to the circular dated 29 December 2014 (Ref. No.: EFIC/DT/192/14) relating
to the capital adjustment of options on China Resources Land Limited (CRL) for 2 Offer Share
for every 9 existing Shares with ex-entitlement day on 13 January 2015.
A comparative table of the strike prices of CRL Options before and after the capital adjustments
is provided for reference.
Closing Price of CRL on 12 January 2015: HK$ 21.95
Adjustment Ratio#:
0.9674 (rounded to 4 decimal places)
Comparative Table of the Strike Prices of CRL Options
Before Capital Adjustments on 12 January 2015
(CRL)
Exercise Price
Contract Size (Shares)
(A)
17.00
17.50
18.00
18.50
19.00
19.50
20.00
21.00
22.00
23.00
24.00
25.00
(B)
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
After Capital Adjustments on 13 January 2015
(CRB)*
Adjusted Exercise Price
Adjusted Contract Size
(Shares)
(C) = A × AR
A x (B C)
16.45
2,066.8693
16.93
2,067.3361
17.41
2,067.7771
17.90
2,067.0391
18.38
2,067.4646
18.86
2,067.8685
19.35
2,067.1835
20.32
2,066.9291
21.28
2,067.6692
22.25
2,067.4157
23.22
2,067.1835
24.19
2,066.9698
香 港 中 環 港 景 街 一 號 國 際 金 融 中 心 一 期 1 2 樓
12/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong
電話 Tel: + 852 2522 1122 傳真 Fax: +852 2295 3106 網址 Website: www.hkex.com.hk 電郵 E-mail: [email protected]
26.00
27.00
2,000
2,000
25.15
26.12
2,067.5944
2,067.3813
* Applicable to the same exercise prices for all contract months
#The adjustments are made according to the following adjustment formulas:
Adjustment Term Formula
Remark
Rounded to the nearest
4 decimal places.
9 old shares + (2 offer share x $18.0104 / $S*)
Adjustment Ratio
Adjustment will only
9 old shares + 2 offer share
(AR)
be made if the AR is
smaller than 1.
Rounded to the nearest
Adjusted Exercise Exercise price of outstanding option series x
AR
2 decimal places
price (AEP)
Exercise price of outstanding option series x Rounded to the nearest
Adjusted
(2,000 shares / AEP)
4 decimal places
Contract Size
(ACS)
*Where $18.0104 is the subscription price for the offer share and $S is the underlying stock closing price
on 12 January 2015 (the business day immediately before the ex-entitlement day).
Jason Wan
Vice President
Derivatives Trading
Global Markets Division
This circular has been issued in the English language with a separate Chinese language translation. If there is any
conflict in the circulars between the meaning of Chinese words or terms in the Chinese language version and
English words in the English language version, the meaning of the English words shall prevail.