MB Securities Joint Stock Company announces the adjustment of covered warrants as follows:
- Issuer: MB Securities Joint Stock Company
- Warrant code: CHDB2006
- Underlying security code: HDB
- Warrant type (call/put): call
- Warrant style: European-style
- Method of exercise: cash
- Duration: 3.5 months
- Expiry date: October 08, 2020
- Adjustment date: October 01, 2020
- Reason: Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) made the first stock dividend payment for 2019 and issued shares to raise capital.
Old exercise price
(1)
24,700
Old conversion price
(2)
2:1
The unadjusted reference price of the underlying asset on the ex-dividend date
(3)
24,100
The adjusted reference price of the underlying asset on the ex-dividend date
(4)
18,540
New exercise price
(5) = (1) x [(4)/(3)]
19,000
New conversion ratio
(6) = (2) x [(4)/(3)]
1.5385:1