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Notice
ASX Participants were advised via Notice No. 0082.22.01 of the proposed method of termination for ETOs over Sydney Airport Limited (ASX Code: SYD) under the acquisition by Sydney Aviation Alliance Pty Limited.
Participants are advised that the scheme is effective with unconditional approval by both Sydney Airport Limited security holders and the required courts.
Termination Prices of Series
Termination will be done at intrinsic value for each series, using $8.72 - SYD last traded price on Wednesday, 9 February 2022.
Option positions held at the close of business on Wednesday, 9 February 2022 will be closed out and cash settled at the securities intrinsic value. Takers will be credited and writers will be debited. ASXCL will settle these cash amounts on Thursday, 10 February 2022.
Please refer to the table below for the intrinsic values of each series:
Calls Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement Amount per lot ($) (2 decimal places) |
0.01 |
100 |
8.71 |
$871.00 |
4.3 |
100 |
4.42 |
$442.00 |
4.4 |
100 |
4.32 |
$432.00 |
4.5 |
100 |
4.22 |
$422.00 |
4.6 |
100 |
4.12 |
$412.00 |
4.7 |
100 |
4.02 |
$402.00 |
4.8 |
100 |
3.92 |
$392.00 |
4.9 |
100 |
3.82 |
$382.00 |
5 |
100 |
3.72 |
$372.00 |
5.25 |
100 |
3.47 |
$347.00 |
5.5 |
100 |
3.22 |
$322.00 |
5.75 |
100 |
2.97 |
$297.00 |
6 |
100 |
2.72 |
$272.00 |
6.25 |
100 |
2.47 |
$247.00 |
6.5 |
100 |
2.22 |
$222.00 |
6.75 |
100 |
1.97 |
$197.00 |
7 |
100 |
1.72 |
$172.00 |
7.01 |
100 |
1.71 |
$171.00 |
7.25 |
100 |
1.47 |
$147.00 |
7.26 |
100 |
1.46 |
$146.00 |
7.5 |
100 |
1.22 |
$122.00 |
7.51 |
100 |
1.21 |
$121.00 |
7.75 |
100 |
0.97 |
$97.00 |
7.76 |
100 |
0.96 |
$96.00 |
8 |
100 |
0.72 |
$72.00 |
8.25 |
100 |
0.47 |
$47.00 |
8.5 |
100 |
0.22 |
$22.00 |
8.75 |
100 |
0 |
$0.00 |
9 |
100 |
0 |
$0.00 |
9.25 |
100 |
0 |
$0.00 |
9.5 |
100 |
0 |
$0.00 |
9.75 |
100 |
0 |
$0.00 |
10 |
100 |
0 |
$0.00 |
10.25 |
100 |
0 |
$0.00 |
10.5 |
100 |
0 |
$0.00 |
Puts Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement Amount per lot ($) (2 decimal places) |
4.3 |
100 |
0 |
$0.00 |
4.4 |
100 |
0 |
$0.00 |
4.5 |
100 |
0 |
$0.00 |
4.6 |
100 |
0 |
$0.00 |
4.7 |
100 |
0 |
$0.00 |
4.8 |
100 |
0 |
$0.00 |
4.9 |
100 |
0 |
$0.00 |
5 |
100 |
0 |
$0.00 |
5.25 |
100 |
0 |
$0.00 |
5.5 |
100 |
0 |
$0.00 |
5.75 |
100 |
0 |
$0.00 |
6 |
100 |
0 |
$0.00 |
6.25 |
100 |
0 |
$0.00 |
6.5 |
100 |
0 |
$0.00 |
6.75 |
100 |
0 |
$0.00 |
7 |
100 |
0 |
$0.00 |
7.01 |
100 |
0 |
$0.00 |
7.25 |
100 |
0 |
$0.00 |
7.26 |
100 |
0 |
$0.00 |
7.5 |
100 |
0 |
$0.00 |
7.51 |
100 |
0 |
$0.00 |
7.75 |
100 |
0 |
$0.00 |
7.76 |
100 |
0 |
$0.00 |
8 |
100 |
0 |
$0.00 |
8.25 |
100 |
0 |
$0.00 |
8.5 |
100 |
0 |
$0.00 |
8.75 |
100 |
0.03 |
$3.00 |
9 |
100 |
0.28 |
$28.00 |
9.25 |
100 |
0.53 |
$53.00 |
9.5 |
100 |
0.78 |
$78.00 |
9.75 |
100 |
1.03 |
$103.00 |
10 |
100 |
1.28 |
$128.00 |
10.25 |
100 |
1.53 |
$153.00 |
10.5 |
100 |
1.78 |
$178.00 |
What do I need to do by when?
ASX participants are requested to terminate SYD ETO series in line with the above methodology.
Need more information?
Issued by
Greg Fitzpatrick, Clearing Operations
Contact information
William Ward