NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/23641
Date : June 07, 2013
Circular Ref. No : 041/2013 To All Members, Sub: Scheme of Arrangement for Future Retail Limited (FRL) Future Retail Limited has informed the Exchange vide letter dated May 29, 2013 regarding update on Composite Scheme of Arrangement and Amalgamation between Indus-League Clothing Limited and Lee Cooper (India) Limited and Future Ventures India Limited and Future Retail Limited and Future Lifestyle Fashions Limited and their respective shareholders and creditors. Further, the Company has informed the Exchange that the Company has fixed record date as June 24, 2013 for determining share entitlement to shareholders of the Company. The shareholders will receive the Equity Share of Future Lifestyle Fashions Limited (FLFL) in the following manner: (i) 1 (One) fully paid Equity Share of Rs. 2 (Rupees Two Only) each of FLFL shall be issued and allotted for every 3 (Three) Equity Shares of Rs. 2 (Rupees Two) each held in the Company (Symbol: FRL); (ii) 1 (One) fully paid Equity Share of Rs. 2 (Rupees Two only) each of FLFL shall be issued and allotted for every 3 (Three) Class B (Series-1) Shares of Rs. 2 (Rupees Two) each held in the Company (Symbol: FRLDVR). Ex-date
: June 21, 2013
The following adjustments shall be carried out on the Futures and Options contracts of FRL: All existing contracts i.e. contracts with expiry dates June 27, 2013, July 25, 2013 and August 29, 2013 will expire on June 20, 2013. The methodology of settlement shall be separately intimated by NSCCL. Derivatives contracts on FRL shall be reintroduced from June 21, 2013 being the ex-date of the underlying. The list of option strikes from which specific strike prices would be made available for trading on June 21, 2013 shall be intimated to the trading members through a separate circular to be issued on June 20, 2013 after market hours. Based on the price determined after opening of the Capital Market segment on June 21, 2013 a minimum of five in-the-money strikes, one at-the-money strike and five out-of-the-money strikes will be made available to the market. The same will be intimated to the trading members through a message broadcast on the trading terminals. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Depending upon the price movement of the security in the Capital Market segment, further strike prices may be made available during the day from within the list of strikes given in the circular to be issued on June 20, 2013. For and on behalf of National Stock Exchange of India Limited
Suprabhat Lala Vice President
Telephone No 1800-2200-53
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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