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4.3.1 In case of interest distribution, transfer of reserves into share capital and rights issues, the Exchange will make ex-right and ex-dividend adjustment to relevant securities on the trading day following the interest record date (or the last trading day in case of B-shares), except as otherwise specified by the Exchange.
4.3.2 The ex-right (ex-dividend) reference price shall be calculated as follows:
ex-right (ex-dividend) reference price = [(previous closing price ? cash dividend) + rights issue (new share) price × percentage of change in floating shares ] ÷ (1+ percentage of change in floating shares)
The securities issuer may file an application with the Exchange for adjustment of the calculation formula when it deems necessary, and state therein the reason for the adjustment. The Exchange may adjust such calculation formula based on the application and shall release any adjustment thereof.
The previous closing price as displayed in the real-time quotations on the ex-right (ex-dividend) date is the ex-right (ex-dividend) reference price.
4.3.3 Unless otherwise specified by the Exchange, on the ex-right (ex-dividend) date, the ex-right (ex-dividend) reference price shall be used as the basis for calculation of price up/down limit. |
