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Hollysys Automation Technologies: Hollysys Automation Technologies Ltd. - Anticipated Cash Settlement Option Symbol: HOLI

和利时自动化:和利时自动化技术有限公司-预期现金结算选项代码:HOLI

OCC期权清算公司 ·  01/11 15:30
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On February 8, 2024, shareholders of Hollysys Automation Technologies Ltd. (HOLI) will cast their votes on a proposed merger with a subsidiary of Superior Technologies Holding Limited, which is under the ownership of Ascendent Capital Partners III GP Limited and Sinopec Capital Co., Ltd. If the merger is approved and completed, each HOLI common share will be converted into a right to receive a net cash payment of $26.50 per share, subject to any applicable withholdings. The contract adjustment, which is expected to take place in the first quarter of 2024, will be effective from the opening of the business day following the merger's completion. HOLI options will be settled through the OCC's cash settlement system, with the settlement amount being the difference between the extended strike amount and the cash deliverable. Additionally, equity stock option contracts adjusted for cash-only delivery will have their expiration dates accelerated in accordance with OCC Rule 807.
On February 8, 2024, shareholders of Hollysys Automation Technologies Ltd. (HOLI) will cast their votes on a proposed merger with a subsidiary of Superior Technologies Holding Limited, which is under the ownership of Ascendent Capital Partners III GP Limited and Sinopec Capital Co., Ltd. If the merger is approved and completed, each HOLI common share will be converted into a right to receive a net cash payment of $26.50 per share, subject to any applicable withholdings. The contract adjustment, which is expected to take place in the first quarter of 2024, will be effective from the opening of the business day following the merger's completion. HOLI options will be settled through the OCC's cash settlement system, with the settlement amount being the difference between the extended strike amount and the cash deliverable. Additionally, equity stock option contracts adjusted for cash-only delivery will have their expiration dates accelerated in accordance with OCC Rule 807.
2024 年 2 月 8 日,Hollysys Automation Technologies Ltd.(HOLI)的股东将就与卓越科技控股有限公司子公司的拟议合并进行投票,后者归Ascendent Capital Partners III GP Limited和中石化资本有限公司所有。如果合并获得批准并完成,每股HOLI普通股将转换为获得每股26.50美元的净现金支付的权利,但须遵守任何适用的规定预扣款。合同调整预计将在2024年第一季度进行,将从合并完成后的工作日开始生效。HOLI期权将通过OCC的现金结算系统进行结算,结算金额是延期行使金额与可交割现金之间的差额。此外,根据OCC规则807的规定,调整为纯现金交割的股票期权合约的到期日将加快。
2024 年 2 月 8 日,Hollysys Automation Technologies Ltd.(HOLI)的股东将就与卓越科技控股有限公司子公司的拟议合并进行投票,后者归Ascendent Capital Partners III GP Limited和中石化资本有限公司所有。如果合并获得批准并完成,每股HOLI普通股将转换为获得每股26.50美元的净现金支付的权利,但须遵守任何适用的规定预扣款。合同调整预计将在2024年第一季度进行,将从合并完成后的工作日开始生效。HOLI期权将通过OCC的现金结算系统进行结算,结算金额是延期行使金额与可交割现金之间的差额。此外,根据OCC规则807的规定,调整为纯现金交割的股票期权合约的到期日将加快。
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