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AMO
Notice
The termination of CIM ETOs due to the acquisition by HOCHTIEF Australia Holdings Limited (HOCHTIEF) was outlined in Notice No. 0310.22.03 and Notice No. 0488.22.05
On 29 April 2022, HOCHTIEF Australia Holdings Limited (‘HOCHTIEF’) notified the market that, in accordance with Part 6A.1 of the Corporations Act 2001 (Cth), it is exercising its right to commence the process of compulsorily acquiring the remaining ordinary shares in CIMIC Group Limited (‘CIM’) in which it does not already have a relevant interest. Under Listing Rule 17.4, ASX will suspend quotation of CIM’s securities at the close of trading on Friday, 6 May 2022.
Termination Prices of Series
Termination will be done at intrinsic value for each series using $22.00 - CIM last traded price on Friday, 6 May 2022.
Option positions held at the close of business on Friday, 6 May 2022 will be closed out and cash settled at the securities intrinsic value. Takers will be credited and writers will be debited. ASXCL will settle these cash amounts on Monday, 9 May 2022.
Please refer to the table below for the intrinsic values of each series:
Calls Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement amount per lot $ (2 decimal places) |
0.01 |
100 |
21.99 |
2199 |
13.5 |
100 |
8.5 |
850 |
13.75 |
100 |
8.25 |
825 |
14 |
100 |
8 |
800 |
14.25 |
100 |
7.75 |
775 |
14.5 |
100 |
7.5 |
750 |
14.75 |
100 |
7.25 |
725 |
15 |
100 |
7 |
700 |
15.5 |
100 |
6.5 |
650 |
16 |
100 |
6 |
600 |
16.01 |
100 |
5.99 |
599 |
16.5 |
100 |
5.5 |
550 |
16.51 |
100 |
5.49 |
549 |
17 |
100 |
5 |
500 |
17.01 |
100 |
4.99 |
499 |
17.5 |
100 |
4.5 |
450 |
17.51 |
100 |
4.49 |
449 |
18 |
100 |
4 |
400 |
18.01 |
100 |
3.99 |
399 |
18.5 |
100 |
3.5 |
350 |
18.51 |
100 |
3.49 |
349 |
19 |
100 |
3 |
300 |
19.5 |
100 |
2.5 |
250 |
19.51 |
100 |
2.49 |
249 |
20 |
100 |
2 |
200 |
20.01 |
100 |
1.99 |
199 |
20.5 |
100 |
1.5 |
150 |
20.51 |
100 |
1.49 |
149 |
21 |
100 |
1 |
100 |
21.01 |
100 |
0.99 |
99 |
21.5 |
100 |
0.5 |
50 |
21.51 |
100 |
0.49 |
49 |
22 |
100 |
0 |
0 |
22.01 |
100 |
0 |
0 |
22.5 |
100 |
0 |
0 |
22.51 |
100 |
0 |
0 |
23 |
100 |
0 |
0 |
23.5 |
100 |
0 |
0 |
24 |
100 |
0 |
0 |
24.5 |
100 |
0 |
0 |
25 |
100 |
0 |
0 |
25.01 |
100 |
0 |
0 |
25.5 |
100 |
0 |
0 |
26 |
100 |
0 |
0 |
27 |
100 |
0 |
0 |
28 |
100 |
0 |
0 |
29 |
100 |
0 |
0 |
30 |
100 |
0 |
0 |
31 |
100 |
0 |
0 |
31.01 |
100 |
0 |
0 |
34 |
100 |
0 |
0 |
34.01 |
100 |
0 |
0 |
34.5 |
100 |
0 |
0 |
34.51 |
100 |
0 |
0 |
Puts Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement amount per lot $ (2 decimal places) |
13.5 |
100 |
0 |
0 |
13.75 |
100 |
0 |
0 |
14 |
100 |
0 |
0 |
14.25 |
100 |
0 |
0 |
14.5 |
100 |
0 |
0 |
14.75 |
100 |
0 |
0 |
15 |
100 |
0 |
0 |
15.5 |
100 |
0 |
0 |
16 |
100 |
0 |
0 |
16.01 |
100 |
0 |
0 |
16.5 |
100 |
0 |
0 |
16.51 |
100 |
0 |
0 |
17 |
100 |
0 |
0 |
17.01 |
100 |
0 |
0 |
17.5 |
100 |
0 |
0 |
17.51 |
100 |
0 |
0 |
18 |
100 |
0 |
0 |
18.01 |
100 |
0 |
0 |
18.5 |
100 |
0 |
0 |
18.51 |
100 |
0 |
0 |
19 |
100 |
0 |
0 |
19.5 |
100 |
0 |
0 |
19.51 |
100 |
0 |
0 |
20 |
100 |
0 |
0 |
20.01 |
100 |
0 |
0 |
20.5 |
100 |
0 |
0 |
20.51 |
100 |
0 |
0 |
21 |
100 |
0 |
0 |
21.01 |
100 |
0 |
0 |
21.5 |
100 |
0 |
0 |
21.51 |
100 |
0 |
0 |
22 |
100 |
0 |
0 |
22.01 |
100 |
0.01 |
1 |
22.5 |
100 |
0.5 |
50 |
22.51 |
100 |
0.51 |
51 |
23 |
100 |
1 |
100 |
23.5 |
100 |
1.5 |
150 |
24 |
100 |
2 |
200 |
24.5 |
100 |
2.5 |
250 |
25 |
100 |
3 |
300 |
25.01 |
100 |
3.01 |
301 |
25.5 |
100 |
3.5 |
350 |
26 |
100 |
4 |
400 |
27 |
100 |
5 |
500 |
28 |
100 |
6 |
600 |
29 |
100 |
7 |
700 |
30 |
100 |
8 |
800 |
31 |
100 |
9 |
900 |
31.01 |
100 |
9.01 |
901 |
34 |
100 |
12 |
1200 |
34.01 |
100 |
12.01 |
1201 |
34.5 |
100 |
12.5 |
1250 |
34.51 |
100 |
12.51 |
1251 |
What do I need to do by when?
ASX Participants are requested to terminate CIM ETO series in line with the above methodology.
Need more information?
Issued by
Greg Fitzpatrick, Clearing Operations
Contact information
William Ward
clearing@asx.com.au