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Notice
ASX Participants and ASX Clear Pty Limited (ASXCL) Participants were advised in ASX Notice No. 0461.18.05 dated 03 May 2018 and ASX Notice No.0567.18.05 dated 29 May 2018 of the proposed method of termination for ETOs over Westfield Corporation (ASX Code: WFD) under the Unibail-Rodamco acquisition and the OneMarket Limited demerger.
Participants are advised that both schemes have been approved by Westfield Securityholders and the Supreme Court of New South Wales. Both schemes have become effective on Wednesday, 30 May 2018. This is also the last day when Westfield securities can be traded.
What do I need to do by when?
Participants should be aware of the content of this Notice as it sets out the treatment of the termination with respect to open positions in ASX WFD ETO contracts.
Termination Prices of Series
Termination will be done at intrinsic value for each series, using $8.84 as the last traded price on Wednesday, 30 May 2018.
Option positions held at the close of business on Wednesday, 30 May 2018 will be closed out and cash settled at intrinsic value. Takers will be credited and writers will be debited. ASXCL will settle these cash amounts on Thursday, 31 May 2018.
Please refer to the table below for the intrinsic values of each series:
Calls Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement amount per lot $ (2 decimal places) |
|---|---|---|---|
0.01 |
100 |
8.83 |
883 |
5.5 |
100 |
3.34 |
334 |
5.75 |
100 |
3.09 |
309 |
6 |
100 |
2.84 |
284 |
6.25 |
100 |
2.59 |
259 |
6.5 |
100 |
2.34 |
234 |
6.75 |
100 |
2.09 |
209 |
7 |
100 |
1.84 |
184 |
7.25 |
100 |
1.59 |
159 |
7.5 |
100 |
1.34 |
134 |
7.75 |
100 |
1.09 |
109 |
7.76 |
100 |
1.08 |
108 |
8 |
100 |
0.84 |
84 |
8.01 |
100 |
0.83 |
83 |
8.25 |
100 |
0.59 |
59 |
8.5 |
100 |
0.34 |
34 |
8.51 |
100 |
0.33 |
33 |
8.75 |
100 |
0.09 |
9 |
9 |
100 |
0 |
0 |
9.01 |
100 |
0 |
0 |
9.25 |
100 |
0 |
0 |
9.26 |
100 |
0 |
0 |
9.5 |
100 |
0 |
0 |
9.75 |
100 |
0 |
0 |
10 |
100 |
0 |
0 |
10.25 |
100 |
0 |
0 |
10.5 |
100 |
0 |
0 |
10.75 |
100 |
0 |
0 |
11 |
100 |
0 |
0 |
11.25 |
100 |
0 |
0 |
11.5 |
100 |
0 |
0 |
Puts Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement amount per lot $ (2 decimal places) |
|---|---|---|---|
5.5 |
100 |
0 |
0 |
5.75 |
100 |
0 |
0 |
6 |
100 |
0 |
0 |
6.25 |
100 |
0 |
0 |
6.5 |
100 |
0 |
0 |
6.75 |
100 |
0 |
0 |
7 |
100 |
0 |
0 |
7.25 |
100 |
0 |
0 |
7.5 |
100 |
0 |
0 |
7.75 |
100 |
0 |
0 |
7.76 |
100 |
0 |
0 |
8 |
100 |
0 |
0 |
8.01 |
100 |
0 |
0 |
8.25 |
100 |
0 |
0 |
8.5 |
100 |
0 |
0 |
8.51 |
100 |
0 |
0 |
8.75 |
100 |
0 |
0 |
9 |
100 |
0.16 |
16 |
9.01 |
100 |
0.17 |
17 |
9.25 |
100 |
0.41 |
41 |
9.26 |
100 |
0.42 |
42 |
9.5 |
100 |
0.66 |
66 |
9.75 |
100 |
0.91 |
91 |
10 |
100 |
1.16 |
116 |
10.25 |
100 |
1.41 |
141 |
10.5 |
100 |
1.66 |
166 |
10.75 |
100 |
1.91 |
191 |
11 |
100 |
2.16 |
216 |
11.25 |
100 |
2.41 |
241 |
11.5 |
100 |
2.66 |
266 |
Need more information?
Issued by
Cheng Zhang, Post Trade Operations
Contact information
Cheng Zhang
1800 623 571
cad@asx.com.au