SSI Securities Corporation announces the adjustment of its covered warrant as follows:
- Issuer: SSI Securities Corporation
- code of warrant: CVNM1903
- Underlying security: VNM
- Warrant type: call
- Warrant style: European-style
- Payment method for exercise of warrants: in cash
- Duration: 6.5 months
- Expiration date: April 22, 2020
- Adjustment date: December 26, 2019
- Reason: Viet Nam Dairy Products Joint Stock Company makes the second cash dividend payment for 2019 (with a ratio of 10%/par value/share).
Old exercise price
(1)
120,000
Old conversion ratio
(2)
1:1
The unadjusted reference price of the underlying security on the ex-right date
(3)
118,000 dongs
The adjusted reference price of the underlying security on the ex-right date
(4)
117,000 dongs
New exercise price
(5)=(1)x[(4)/(3)]
118,980 dongs
New conversion ratio
(6)=(2)x[(4)/(3)]
0.9915:1