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Back-office - Options Technology Regulation
CIRCULAR 185-17 December 28, 2017
FINAL CONTRACT ADJUSTMENT AGRIUM INC. (AGU AND FGA) Merger and Delisting THE FOLLOWING INFORMATION IS PREPARED FOR THE CONVENIENCE OF CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC) MEMBERS AND BOURSE DE MONTRÉAL INC. (THE BOURSE) APPROVED PARTICIPANTS. THIS DOCUMENT IS AN UNOFFICIAL SUMMARY OF CERTAIN TERMS OF THE AFOREMENTIONED ADJUSTMENT. CDCC AND THE BOURSE ACCEPT NO RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF THE SUMMARY. CDCC MEMBERS AND BOURSE APPROVED PARTICIPANTS MUST ENSURE THEY HAVE REVIEWED THE DOCUMENTATION PUBLISHED BY THE ISSUERS INVOLVED IN THIS CORPORATE ACTION. The Bourse and CDCC wish to inform you that the common shares of AGRIUM INC. (“Agrium”) will be suspended at the opening of market on January 2, 2018, and such shares will be delisted at the close of market on the same date, as a result of the merger involving Agrium and Potash Corporation of Saskatchewan Inc. (“PotashCorp”) (Symbol: POT). Pursuant to the Merger, the combined business of Agrium and PotashCorp will be held by a new issuer named “Nutrien Ltd.” (NTR). Under the terms of the Arrangement, Agrium shareholders will receive 2.23 common shares of the new company “Nutrien Ltd.” for each common share of Agrium held. AGRIUM INC. (AGU) CDCC - Adjustment Details– AGU Options: Pursuant to Terms of Adjustment provided in Section A-902 of the Rules of CDCC, all AGRIUM INC. options will be adjusted as follows:
EFFECTIVE DATE:
January 2, 2018
OPTIONS SYMBOL:
AGU will become AGU1
NUMBER OF CONTRACTS: Unchanged MULTIPLIER:
100
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
Circular no.: 185-17
Page 2
STRIKE PRICES:
Unchanged
NEW DELIVERABLE PER
223 common shares of Nutrien Ltd. (NTR)
CONTRACT:
POSITION AND EXERCISE
The position and exercise limits are 75,000 contracts.
LIMITS:
CUSIP :
67077M 10 8
CDCC will not accept escrow receipts on these adjusted series. Bourse de Montréal Inc. - Adjustment Details: It is important to note that on the effective date mentioned above, all open orders on this option class will not be automatically modified to reflect the plan of arrangement and will therefore have to be reentered into the Montreal Automated System (SAM) by the approved participants. The existing series of AGU options class will be transferred to the AGU1 options class representing the new deliverable. Please note that only closing transactions will be permitted on the adjusted class. Actual series that do not have open interest will not be adjusted.
Bourse de Montréal Inc. Adjustment Details - FGA Share Futures: The existing series of FGA share futures class will be transferred to the KGA share futures class.
PLEASE ENSURE THAT ALL CLIENTS WHO HAVE EITHER LONG OR SHORT POSITIONS IN THIS OPTION CLASS ARE ADVISED OF THIS NOTICE. For further information, please contact Market Operations Department at (514) 871-7877.
Gladys Karam Director, Equity Derivatives Financial Markets
Dec 28, 2017 - THE FOLLOWING INFORMATION IS PREPARED FOR THE CONVENIENCE OF. CANADIAN ... be suspended at the opening of market on January 2, 2018, and such shares will be delisted at the close of market on the same date, as a result of the merger involving Agrium and Potash Corporation of.
Feb 4, 2015 - BOURSE ACCEPT NO RESPONSIBILITY FOR THE ACCURACY OR ... a three-for-one split basis on the Toronto Stock Exchange at the opening of business on ... For further information, please contact Louise Leclair, Trading ...
Oct 4, 2017 - P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9. Telephone: (514) 871-2424. Toll-free within Canada and the U.S.A.: 1 800 361-5353 ... members may contact the CDCC Member Services Department. Gladys Karam. Director, Equity De
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Jan 15, 2015 - Accounts holding a position in a regular option series (HOU) should refer to ... Actual series that do not have open interest will not be adjusted.
Jun 22, 2017 - CDCC AND THE BOURSE ACCEPT NO RESPONSIBILITY FOR THE ... from the Toronto Stock Exchange at the close of business on June 23, 2017. ... members may contact the CDCC Corporate Operations Department.
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Dec 28, 2017 - 40 common shares of Nutrien Ltd. (NTR). ⢠POSITION AND EXERCISE. LIMITS: The position and exercise limits are 250,000 contracts. ⢠CUSIP : 67077M 10 8. CDCC will not accept escrow receipts on these adjusted series. Bourse de MontrÃ