KIS Vietnam Securities Corporation announces the adjustment of covered warrants as follows:
- Issuer: KIS Vietnam Securities Corporation
- Warrant code: CDPM2002
- Underlying security code: DPM
- Warrant type (call/put): call
- Warrant style: European-style
- Method of exercise: cash
- Duration: 11 months
- Expiry date: December 16, 2020
- Adjustment date: April 27, 2020
- Reason: Petrovietnam Fertilizer And Chemicals Corporation (HOSE: PNJ) makes the first dividend payment for 2019 in cash.
Old exercise price
(1)
15,252
Old conversion price
(2)
1:1
The unadjusted reference price of the underlying asset on the ex-dividend date
(3)
15,000
The adjusted reference price of the underlying asset on the ex-dividend date
(4)
14,500
New exercise price
(5) = (1) x [(4)/(3)]
14,744
New conversion price
(6) = (2) x [(4)/(3)]
0.9667:1