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Zhihu: Zhihu Inc. - Partial Self Tender Offer Option Symbol: ZH Adjusted Option Symbol: ZH1

OCC ·  Oct 22 13:07

Summary by Moomoo AI

Zhihu Inc. (ZH) has announced a partial self-tender offer to purchase up to 46,921,448 of its Class A Ordinary Shares, including shares represented by American Depositary Shares (ADS), at a price of $3.50 per ADS. The offer, which equates to HK$9.11 per Class A Ordinary Share, is set to expire at 4:00 A.M., New York City time, on October 30, 2024. Broadridge Corporate Issuer Solutions, LLC is acting as the depositary for this transaction. The tender offer does not include a guaranty period, and the settlement of options contracts or physically-settled security futures contracts will require the delivery of all component securities at the time of contract maturity or exercise. The Options Clearing Corporation (OCC) has stated that ZH/ZH1 options will not...Show More
Zhihu Inc. (ZH) has announced a partial self-tender offer to purchase up to 46,921,448 of its Class A Ordinary Shares, including shares represented by American Depositary Shares (ADS), at a price of $3.50 per ADS. The offer, which equates to HK$9.11 per Class A Ordinary Share, is set to expire at 4:00 A.M., New York City time, on October 30, 2024. Broadridge Corporate Issuer Solutions, LLC is acting as the depositary for this transaction. The tender offer does not include a guaranty period, and the settlement of options contracts or physically-settled security futures contracts will require the delivery of all component securities at the time of contract maturity or exercise. The Options Clearing Corporation (OCC) has stated that ZH/ZH1 options will not be adjusted to reflect the expiration of the offer, but may be adjusted in the event of a subsequent merger, consolidation, or similar event. Market participants are advised to independently verify all information relevant to the tender offer and to be aware of the special risks associated with the timing of assignments or delivery obligations, particularly in relation to the protect provisions of NSCC. Any questions regarding the tender offer and its implications for options and futures should be directed to OCC.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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