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4.4.1 In case of interest distribution, transfer of capital surplus into share capital and pro rata issues, the Exchange makes ex-right and ex-dividend adjustment to relevant securities on the trading day after the interest record date (or the last trading day in case of B-shares), save as otherwise provided for by the Exchange.
4.4.2 The ex-right (ex-dividend) reference price is calculated as follows:
ex-right (ex-dividend) reference price = [(previous closing price − cash dividend) + rights issue (new share) price × percentage of change in free-float shares ] ÷ (1+ percentage of change in free-float shares)
The securities issuer may file an application with the Exchange for adjustment of the calculation formula and state the reason therefore when it deems such adjustment is necessary. The Exchange may adjust such calculation formula based on the reasons stated and publish any adjustment thereof.
The previous closing price as displayed in the real-time quotations on the ex-right (ex-dividend) date shall be the ex-right (ex-dividend) reference price.
4.4.3 Unless otherwise prescribed by the Exchange, on the ex-right (ex-dividend) date, the ex-right (ex- dividend) reference price is used as the basis for calculation of daily price limit. |
