Comparative Table of Strike Prices of MGM China Holdings Ltd

編號
MO/DT/026/15
Ref. No.:
日期
2015 年 3 月 3 日
Date:
3 March 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:
查詢
Enquiry:
Comparative Table of Strike Prices of MGM China Holdings Ltd. Option
Contracts
HKATS Hotline
2211-6360
Reference is made to the circular dated 18 February 2015 (Ref. No.: MO/DT/021/15) relating to
the capital adjustment of options on MGM China Holdings Ltd. (MGM & MGANote 1) for Special
Dividend of HK$0.816 per share with ex-date on 4 March 2015.
A comparative table of the strike prices of MGM and MGA Options before and after the capital
adjustments is provided for reference.
Closing Price of MGM on 3 March 2015: HK$ 18.48
Adjustment Ratio#: 0.9558 (rounded to 4 decimal places)
Comparative Table of the Strike Prices of MGM Options
Before Capital Adjustments on 3 March 2015
After Capital Adjustments on 4 March 2015
(MGM)
(MGB)*
Exercise Price
Contract Size (shares) Adjusted Exercise Price Adjusted Contract Size (shares)
(A)
(B)
(C) = A × AR
A x (B C)
15.50
400
14.81
418.6361
16.00
400
15.29
418.5742
16.50
400
15.77
418.5162
17.00
400
16.25
418.4615
17.50
400
16.73
418.4100
18.00
400
17.20
418.6047
18.50
400
17.68
418.5520
19.00
400
18.16
418.5022
19.50
400
18.64
418.4549
Note 1
MGA stock option contracts are the adjusted contracts generated from capital adjustment made on 4 March
2014 due to the Special Dividend of HK$1.02 per share.
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: info@hkex.com.hk
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00
400
400
400
400
400
400
400
400
400
400
400
400
400
400
400
400
400
19.12
20.07
21.03
21.98
22.94
23.90
24.85
25.81
26.76
27.72
28.67
29.63
30.59
31.54
32.50
33.45
34.41
418.4100
418.5351
418.4498
418.5623
418.4830
418.4100
418.5111
418.4425
418.5351
418.4704
418.5560
418.4948
418.4374
418.5162
418.4615
418.5351
418.4830
* Applicable to the same exercise prices for all contract months
#The adjustments are made according to the following adjustment formulas:
Adjustment Term Formula
Remark
Adjustment Ratio
(AR)
Adjusted Exercise
price (AEP)
Adjusted Contract
Size (ACS)
(underlying stock closing price – special dividend)
underlying stock closing price
Rounded to the
nearest 4 decimal
places
Rounded to the
Exercise price of outstanding option series x AR
nearest 2 decimal
places
Exercise price of outstanding option series x (400 Rounded to the
shares / AEP)
nearest 4 decimal
places
Comparative Table of the Strike Prices of MGA Options
Before Capital Adjustments on 3 March 2015
After Capital Adjustments on 4 March 2015
(MGA)
(MGC)*
Exercise Price
Contract Size (Shares) Adjusted Exercise Price Adjusted Contract Size (Shares)
(A)
(B)
(C) = A × AR
A x (B C)
28.11
412.6645
26.87
431.7082
29.08
412.6547
27.79
431.8100
30.05
412.6456
28.72
431.7549
31.02
412.6370
29.65
431.7032
31.99
412.6289
30.58
431.6546
32.96
412.6214
31.50
431.7461
33.93
412.6142
32.43
431.6990
34.89
412.7257
33.35
431.7841
35.86
412.7161
34.27
431.8646
* Applicable to the same exercise prices for all contract months
#The adjustments are made according to the following adjustment formulas:
Adjustment
Formula
Term
(underlying stock closing price – special dividend)
underlying stock closing price
Adjustment
Ratio (AR)
Adjusted
Exercise Price
(AEP)
Adjusted
Contract Size
(ACS)
Note 2
Exercise price of outstanding option series x AR
Exercise price of outstanding option series x (ACS*Note 2 /
AEP)
Remark
Rounded to the
nearest 4
decimal places
Rounded to the
nearest 2
decimal places
Rounded to the
nearest 4
decimal places
ACS* as per the contract sizes stated in the comparative table of strike prices in the circular issued on 3 March
2014, please refer to the hyperlink below:
http://www.hkex.com.hk/eng/market/partcir/sehk/2014/Documents/EFIC_DT_030_e.pdf
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.