VNDIRECT Securities Corporation announces the adjustment of covered warrants as follows:
- Issuer: VNDIRECT Securities Corporation
- Warrant name: Warrant.FPT.VND.M.CA.T.2020.01
- Warrant code: CFPT2005
- Underlying security code: FPT
- Warrant type (call/put): call
- Warrant style: European-style
- Method of exercise: cash
- Duration: 03 months
- Expiry date: July 01, 2020
- Adjustment date: May 13, 2020
- Reason: FPT Corporation (HOSE: FPT) pays the remaining dividends for 2019 in cash.
Old exercise price
(1)
49,000
Old conversion price
(2)
1:1
The unadjusted reference price of the underlying asset on the ex-dividend date
(3)
54,400
The adjusted reference price of the underlying asset on the ex-dividend date
(4)
46,435
New exercise price
(5) = (1) x [(4)/(3)]
41,825.6434
New conversion price
(6) = (2) x [(4)/(3)]
0.8536:1