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

和利時自動化:和利時自動化技術有限公司-預期現金結算選項代碼:HOLI

OCC期權清算公司 ·  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)的股東將就與卓越科技控股有限公司子公司的擬議合併進行投票,後者歸Ascendent Capital Partners III GP Limited和中石化資本有限公司所有。如果合併獲得批准並完成,每股HOLI普通股將轉換爲獲得每股26.50美元的淨現金支付的權利,但須遵守任何適用的規定預扣款。合同調整預計將在2024年第一季度進行,將從合併完成後的工作日開始生效。HOLI期權將通過OCC的現金結算系統進行結算,結算金額是延期行使金額與可交割現金之間的差額。此外,根據OCC規則807的規定,調整爲純現金交割的股票期權合約的到期日將加快。
2024 年 2 月 8 日,Hollysys Automation Technologies Ltd.(HOLI)的股東將就與卓越科技控股有限公司子公司的擬議合併進行投票,後者歸Ascendent Capital Partners III GP Limited和中石化資本有限公司所有。如果合併獲得批准並完成,每股HOLI普通股將轉換爲獲得每股26.50美元的淨現金支付的權利,但須遵守任何適用的規定預扣款。合同調整預計將在2024年第一季度進行,將從合併完成後的工作日開始生效。HOLI期權將通過OCC的現金結算系統進行結算,結算金額是延期行使金額與可交割現金之間的差額。此外,根據OCC規則807的規定,調整爲純現金交割的股票期權合約的到期日將加快。
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