The company Liberty Global PLC announced its proposal to acquire Sunrise Communications Group AG via a takeover offer to the shareholders of Sunrise Communications Group AG at a price of CHF 110.00 per share.
More information about this transaction is available on the company`s website under https://www.sunrise.ch
This information describes the potential effects this transaction will have on the above mentioned contracts
In a provisional notice released on 09 October 2020 the company Liberty Global plc. and its wholly owned subsidiary UPC Schweiz GmbH (“offeror”) announced the preliminary results of the public tender offer to the shareholders of Sunrise Communications Group AG. According to the preliminary results, 81.98% of the voting rights and the issued share capital of Sunrise Communications Group AG have been tendered to the offeror. The preliminary acceptance rate is in excess of the minimum acceptance rate of 66 2/3% stipulated.
Hence, the shares underlying the Eurex-listed futures and options contracts are changed to the tendered line effective 12 October 2020. Accordingly, the ISIN of the above-mentioned contracts will change as specified in the below table:
Product code | ISIN of the underlying instrument old | ISIN of the underlying instrument new | Product ISIN old | Product ISIN new |
SRCG | CH0267291224 | CH0565630669 | CH0267291224 | CH0565630669 |
SRCF | CH0267291224 | CH0565630669 | DE000A160H70 | DE000A160H70 |
Update: 12.11.2020
In a media release dated 11 November 2020, the company Liberty Global, Inc. and its wholly owned subsidiary UPC Schweiz GmbH (“offeror”) announced the successful acquisition of Sunrise Communications Group AG and, hence, the completion of the public tender offer to the shareholders of Sunrise Communications Group AG.
As announced in the Corporate Action Information 002 dated 09 October 2020, hereby the final settlement prices for the options contracts SRCG are published.
On 13 November 2020, all participants holding open positions in SRCG options contracts will receive a notice containing an overview of their respective open positions. Booking of the cash amounts will take place on 13 November 2020 with value date 16 November 2020. In the end-of-day batch processing of 16 November 2020 the positions will be booked out effective 17 November 2020.
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