Corporate actions
Jan 25, 2016

Saipem SpA: Capital increase

On 22 January 2016, the company Saipem SpA announced the details of its capital increase. The subscription ratio will be 1:22, subscription price of the new shares will be EUR 0.362.
The transaction will result in an adjustment of the Eurex options and the Eurex Single Stock Futures contract on shares of Saipem SpA (SPE, SPEH). Due to the highly dilutive effect, adjustment of the Eurex contracts will take place in two steps.
Ex date will be 25 January 2016.
This circular contains a description of the adjustment procedure.

Adjustment Result:

Closing price Saipem SPA.: EUR 0,52
Closing Price Saipem SPA subscription rights: 0,23
R-Factor: 0,69333333

Adjusted contract Size SPEB:   721.1538
Adjusted contract Size SPEH: 1442.3077

adjusted settlement prices for series with Open interest:
SPEH    FEB16    0.7460--> 0.5172

In Eurex circular 013/16, we informed you about adjustments necessary in conjunction with the capital
increase of Saipem SpA.
We would like to inform you today about a correction of the ISIN/product code change announced earlier.
Effective 8 Februar 2016, codes and ISINs will change as follows:

Further details see circular 13/16 and 24/16

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