Lufax Holding Ltd (ticker symbol: LU), a leading Chinese financial services platform, has announced a Special Dividend for its American Depositary Share (ADS) holders. The dividend is set at approximately $2.42 per share, less any applicable fees. ADS holders have the option to receive this dividend in the form of new ADSs through Citibank N.A., the depositary, or as a cash payment if no valid election is made. The record date for the dividend is set for June 4, 2024, with the payable date on August 6, 2024, and the ex-distribution date also on June 4, 2024. In conjunction with this dividend, the Options Clearing Corporation (OCC) has adjusted Lufax's options (adjusted option symbol LU1) to include a cash component for those who do not...Show More

Lufax Holding Ltd (ticker symbol: LU), a leading Chinese financial services platform, has announced a Special Dividend for its American Depositary Share (ADS) holders. The dividend is set at approximately $2.42 per share, less any applicable fees. ADS holders have the option to receive this dividend in the form of new ADSs through Citibank N.A., the depositary, or as a cash payment if no valid election is made. The record date for the dividend is set for June 4, 2024, with the payable date on August 6, 2024, and the ex-distribution date also on June 4, 2024. In conjunction with this dividend, the Options Clearing Corporation (OCC) has adjusted Lufax's options (adjusted option symbol LU1) to include a cash component for those who do not make a valid election. The adjustment will take effect on June 4, 2024, with the new deliverable per contract consisting of 25 Lufax ADSs and approximately $60.50 in cash, less fees. The exact cash amount will be determined later, and the settlement of the cash portion will be delayed until this amount is confirmed. The LU component of the deliverable will settle through the National Securities Clearing Corporation (NSCC).