Corporate actions
Sep 14, 2023

Prosus N.V.: Cross-Holding-Restructuring

The company Prosus N.V. and its largest shareholder Naspers Ltd. have announced to simplify their mutual shareholdings via a capitalisation issue. According to the announced capitalisation issue, Prosus N.V. shareholders are to receive 1.1796 ordinary shares for every one ordinary share held. The largest shareholder Naspers Ltd. has waived its entitlement to subscribe for the new shares. This transaction will result in an adjustment of the affected contracts.


Adjustment results : Prosus NV : Capitalisation issue

Closing price : EUR 64.17
Adjustment factor : 0.45879978

Options:
Current Version 0 contract size 100,0000 --> adjusted Version 1 contract size 217,9600
Current Lepo Version 0 contract size 100,0000 --> adjusted Lepo Version 1 contract size 218,0001

Adjusted exercise prices:

 1200 0 ->   551 1      1400 0 ->   642 1      1600 0 ->   734 1
 1800 0 ->   826 1      2000 0 ->   918 1      2200 0 ->  1009 1
 2400 0 ->  1101 1      2500 0 ->  1147 1      2800 0 ->  1285 1
 3000 0 ->  1376 1      3200 0 ->  1468 1      3400 0 ->  1560 1
 3500 0 ->  1606 1      3600 0 ->  1652 1      3800 0 ->  1743 1
 4000 0 ->  1835 1      4200 0 ->  1927 1      4300 0 ->  1973 1
 4400 0 ->  2019 1      4500 0 ->  2065 1      4600 0 ->  2110 1
 4700 0 ->  2156 1      4800 0 ->  2202 1      4900 0 ->  2248 1
 4950 0 ->  2271 1      5000 0 ->  2294 1      5100 0 ->  2340 1
 5200 0 ->  2386 1      5300 0 ->  2432 1      5400 0 ->  2478 1
 5500 0 ->  2523 1      5600 0 ->  2569 1      5700 0 ->  2615 1
 5800 0 ->  2661 1      5900 0 ->  2707 1      6000 0 ->  2753 1
 6100 0 ->  2799 1      6200 0 ->  2845 1      6300 0 ->  2890 1
 6400 0 ->  2936 1      6500 0 ->  2982 1      6600 0 ->  3028 1
 6700 0 ->  3074 1      6800 0 ->  3120 1      6900 0 ->  3166 1
 7000 0 ->  3212 1      7100 0 ->  3257 1      7200 0 ->  3303 1
 7300 0 ->  3349 1      7400 0 ->  3395 1      7600 0 ->  3487 1
 7800 0 ->  3579 1      8000 0 ->  3670 1      8200 0 ->  3762 1
 8400 0 ->  3854 1      8600 0 ->  3946 1      8800 0 ->  4037 1
 9200 0 ->  4221 1      9600 0 ->  4404 1     10000 0 ->  4588 1

Futures:

Adjusted contract size PRXF : 100,0000 -> 217,9600
Adjusted contract size P2RX : 1000,0000 -> 2179,6000

Adjusted settlement prices on contracts with open interest 
PRXF Sep23 64.1833-> 29,4473
P2RX Sep23 0,000-> 0,0000

No adjustment on PRXP and TPRX due to zero open interest

 

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