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Illumina: Illumina, Inc. - Distribution Option Symbol: ILMN New Symbol: ILMN1 * * * Update * * *

OCC ·  Jun 18 01:39

Summary by Moomoo AI

Illumina, Inc. (ILMN) has announced a significant corporate event involving the distribution of new GRAIL, Inc. (GRAL) Common Shares to its shareholders. The distribution ratio is set at approximately 0.166667 GRAL shares for each ILMN share held by investors. The record date for this distribution was June 13, 2024, with the payable date following on June 24, 2024. NASDAQ has determined June 25, 2024, as the ex-distribution date. Accompanying this distribution, there will be a change in the option symbol from ILMN to ILMN1 effective on June 25, 2024. The new deliverable per contract will include 100 Illumina Common Shares, 16 new GRAIL Common Shares, and cash in lieu of approximately 0.6667 fractional GRAL shares. The settlement allocation will be 95% for ILMN and 5% for GRAL. The cash in lieu amount for fractional...Show More
Illumina, Inc. (ILMN) has announced a significant corporate event involving the distribution of new GRAIL, Inc. (GRAL) Common Shares to its shareholders. The distribution ratio is set at approximately 0.166667 GRAL shares for each ILMN share held by investors. The record date for this distribution was June 13, 2024, with the payable date following on June 24, 2024. NASDAQ has determined June 25, 2024, as the ex-distribution date. Accompanying this distribution, there will be a change in the option symbol from ILMN to ILMN1 effective on June 25, 2024. The new deliverable per contract will include 100 Illumina Common Shares, 16 new GRAIL Common Shares, and cash in lieu of approximately 0.6667 fractional GRAL shares. The settlement allocation will be 95% for ILMN and 5% for GRAL. The cash in lieu amount for fractional shares will be determined later, and until then, the underlying price for ILMN1 will be calculated using a specific formula. The settlement of the ILMN and GRAL components will be processed through the National Securities Clearing Corporation (NSCC), with the cash portion delayed until the cash in lieu amount is finalized. GRAIL, Inc. shares began trading on a 'when issued' basis on June 12, 2024, under the symbol 'GRALV'. The Options Clearing Corporation (OCC) has provided this information for market participants but does not take responsibility for its accuracy in relation to investment decisions.

This announcement is a separate document:

Doc 1

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