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Alibaba: Alibaba Group Holding Limited - Cash Distribution Option Symbols: BABA/2BABA New Option Symbols: BABA1/2BABA1

The Options Clearing Corporation ·  May 25 04:30
Summary by Futu AI
Alibaba Group Holding Limited (Alibaba) has declared a Special Cash Dividend for its American Depositary Shares (ADS). The dividend is set at approximately $0.66 per share, excluding any potential fees. Shareholders on record as of June 13, 2024, will be eligible for the dividend, which is payable on July 12, 2024. The ex-distribution date is also June 13, 2024. In conjunction with this dividend, there will be an adjustment to Alibaba's options contracts effective on the record date. The new option symbols will be BABA1 and 2BABA1, replacing BABA and 2BABA respectively. Each contract will deliver 100 Alibaba ADS and approximately $66.00 in cash, less any fees. The final net cash dividend amount will be determined later, and until then, the underlying price for BABA1 options will be calculated by adding $0.66 to the BABA price. Settlement of the cash portion of the BABA1 deliverable will be delayed until the exact cash amount is confirmed. The Options Clearing Corporation (OCC) will oversee the settlement process and any necessary adjustments to options and futures as per their by-laws.
Alibaba Group Holding Limited (Alibaba) has declared a Special Cash Dividend for its American Depositary Shares (ADS). The dividend is set at approximately $0.66 per share, excluding any potential fees. Shareholders on record as of June 13, 2024, will be eligible for the dividend, which is payable on July 12, 2024. The ex-distribution date is also June 13, 2024. In conjunction with this dividend, there will be an adjustment to Alibaba's options contracts effective on the record date. The new option symbols will be BABA1 and 2BABA1, replacing BABA and 2BABA respectively. Each contract will deliver 100 Alibaba ADS and approximately $66.00 in cash, less any fees. The final net cash dividend amount will be determined later, and until then, the underlying price for BABA1 options will be calculated by adding $0.66 to the BABA price. Settlement of the cash portion of the BABA1 deliverable will be delayed until the exact cash amount is confirmed. The Options Clearing Corporation (OCC) will oversee the settlement process and any necessary adjustments to options and futures as per their by-laws.
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