NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/30314

Date : July 22, 2015

Circular Ref. No : 067/2015 All Members, Adjustment of Futures and Options contracts in the security MOTHERSUMI In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action and in continuation to Exchange Circular No. 064 (Download No 30261) dated July 17, 2015, the members are informed of the following: Motherson Sumi Systems Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 10, 2015 have recommended the issue of Bonus Shares in the ratio of 1 (one) Bonus Shares against the 2 (two) existing shares subject to the approval of the shareholders. The Company has informed the Exchange that The Register of Members and Share Transfer Books of the Company shall remain closed on July 25, 2015 (single day) for the purpose of Annual General Meeting, payment of Dividend and issuance of Bonus Shares. Symbol Bonus issue ratio Ex-Date

: MOTHERSUMI : 1:2 : July 23, 2015

Adjustment factor: Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the case of MOTHERSUMI, the adjustment factor is (1+2)/2 = 1.5, since the bonus issue ratio is 1:2. Adjustments for Options Contracts: 1. Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 750. Adjustments for Futures Contracts: 1. Futures price: The adjusted futures price shall be arrived at by dividing the old futures price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 750 . Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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The methodology for position adjustments has been separately intimated by NSCCL. The above changes shall be effective from July 23, 2015. Members are advised to load the updated contract.gz file in the trading application before trading on July 23, 2015. This file can be obtained from the directory faoftp/faocommon on the Extranet server. The revised Quantity Freeze limit for contracts of MOTHERSUMI will be 127500. The details of the revised option strike prices available and revised strike scheme (step value and number of strikes), applicable for trading in the security MOTHERSUMI are given in Annexure-1 and Annexure-2 respectively. For and on behalf of National Stock Exchange of India Limited Khushal Shah Chief Manager

Telephone No 1800-22-00-53

Fax No +91-22-26598449

Email id [email protected]

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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Annexure-1 Sr. No

Instrument

Symbol

Expiry Date

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK

MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI

30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 30-JUL-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 27-AUG-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015

Old Strike Price 300 320 340 360 380 400 420 440 460 480 500 520 540 560 580 600 620 640 300 320 340 360 380 400 420 440 460 480 500 520 540 560 580 600 620 640 320 340 360 380 400

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

Revised Strike Price 200 213.35 226.65 240 253.35 266.65 280 293.35 306.65 320 333.35 346.65 360 373.35 386.65 400 413.35 426.65 200 213.35 226.65 240 253.35 266.65 280 293.35 306.65 320 333.35 346.65 360 373.35 386.65 400 413.35 426.65 213.35 226.65 240 253.35 266.65 Page 3 of 4

42 43 44 45 46 47 48 49 50 51 52 53

OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK

MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI MOTHERSUMI

24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015 24-SEP-2015

420 440 460 480 500 520 540 560 580 600 620 640

280 293.35 306.65 320 333.35 346.65 360 373.35 386.65 400 413.35 426.65

Annexure-2

Symbol MOTHERSUMI

Applicable Step value 10

No. of Strikes Provided In the money - At the money - Out of the money 5 -1- 5

No of additional strikes which may be enabled intraday 5

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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FUTURES & OPTIONS Download Ref No : NSE/FAOP/30314 Date

Jul 22, 2015 - server. The revised Quantity Freeze limit for contracts of MOTHERSUMI ... Telephone No. Fax No. Email id. 1800-22-00-53. +91-22-26598449.

232KB Sizes 0 Downloads 162 Views

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