Corporate actions
Jun 27, 2022

Saipem S.p.A.: Rights Issue

The company Saipem S.p.A. has announced a rights issue whereby shareholders are entitled to purchase 95 new shares for every 1 share held, at a subscription price of EUR 1.013 per new share. The closing and the entry into force of the company’s capital increase is subject to the fulfillment of specific conditions. More information about this rights issue is available on the company`s website www.saipem.com.

Since the rights issue is to have a highly dilutive effect, the affected contracts will be adjusted in two steps. The first adjustment will be via the basket method, the second adjustment will be via the R-Factor method.

Further details can be found in this Corporate Action Information.

Adjustment result:

Closing Price Saipem SpA Common: 2.502
Closing Price Saipem SPA-Rights: 0.011
R-Factor: 0.99562276

Options
Adjusted contract size: SPEB
Version 2:  10.5 --> Version 3: 10.5462

 4760 2 ->  4739 3     5710 2 ->  5685 3      6670 2 ->  6641 3
 9520 2 ->  9478 3     13330 2 -> 13272 3     

Futures (SPEI)
No adjustment due to 0 open interest 
 

 

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