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Notice
ASX Participants were advised via Notice No. 1046.24.09 of the proposed method of termination for ETOs over Virgin Money UK PLC (ASX Code: VUK) under the Scheme of Arrangement with Nationwide Building Society.
Participants are advised that the scheme is now legally effective.
Termination Prices of Series
VUK ETO series have been terminated at its intrinsic value, using an underlying price of $4.22 – VUKs last traded price for Wednesday, 25 September 2024.
Option positions held at the market close on Wednesday, 25 September 2024 will be closed out and cash settled at the securities intrinsic value. Takers will be credited and writers will be debited. The cash movements will be settled by ASXCL on Thursday, 26 September 2024.
Please refer to the table below for the intrinsic values of each series:
Calls Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement Amount per lot ($) (2 decimal places) |
|---|---|---|---|
$0.01 |
100 |
$4.21 |
$421.00 |
$2.00 |
100 |
$2.22 |
$222.00 |
$2.10 |
100 |
$2.12 |
$212.00 |
$2.20 |
100 |
$2.02 |
$202.00 |
$2.21 |
100 |
$2.01 |
$201.00 |
$2.30 |
100 |
$1.92 |
$192.00 |
$2.40 |
100 |
$1.82 |
$182.00 |
$2.41 |
100 |
$1.81 |
$181.00 |
$2.50 |
100 |
$1.72 |
$172.00 |
$2.51 |
100 |
$1.71 |
$171.00 |
$2.60 |
100 |
$1.62 |
$162.00 |
$2.61 |
100 |
$1.61 |
$161.00 |
$2.70 |
100 |
$1.52 |
$152.00 |
$2.71 |
100 |
$1.51 |
$151.00 |
$2.80 |
100 |
$1.42 |
$142.00 |
$2.81 |
100 |
$1.41 |
$141.00 |
$2.90 |
100 |
$1.32 |
$132.00 |
$2.91 |
100 |
$1.31 |
$131.00 |
$3.00 |
100 |
$1.22 |
$122.00 |
$3.01 |
100 |
$1.21 |
$121.00 |
$3.10 |
100 |
$1.12 |
$112.00 |
$3.11 |
100 |
$1.11 |
$111.00 |
$3.20 |
100 |
$1.02 |
$102.00 |
$3.21 |
100 |
$1.01 |
$101.00 |
$3.30 |
100 |
$0.92 |
$92.00 |
$3.31 |
100 |
$0.91 |
$91.00 |
$3.40 |
100 |
$0.82 |
$82.00 |
$3.41 |
100 |
$0.81 |
$81.00 |
$3.50 |
100 |
$0.72 |
$72.00 |
$3.51 |
100 |
$0.71 |
$71.00 |
$3.60 |
100 |
$0.62 |
$62.00 |
$3.61 |
100 |
$0.61 |
$61.00 |
$3.70 |
100 |
$0.52 |
$52.00 |
$3.71 |
100 |
$0.51 |
$51.00 |
$3.80 |
100 |
$0.42 |
$42.00 |
$3.81 |
100 |
$0.41 |
$41.00 |
$3.90 |
100 |
$0.32 |
$32.00 |
$3.91 |
100 |
$0.31 |
$31.00 |
$4.00 |
100 |
$0.22 |
$22.00 |
$4.01 |
100 |
$0.21 |
$21.00 |
$4.10 |
100 |
$0.12 |
$12.00 |
$4.11 |
100 |
$0.11 |
$11.00 |
$4.20 |
100 |
$0.02 |
$2.00 |
$4.21 |
100 |
$0.01 |
$1.00 |
$4.30 |
100 |
$0.00 |
$0.00 |
$4.31 |
100 |
$0.00 |
$0.00 |
$4.40 |
100 |
$0.00 |
$0.00 |
$4.41 |
100 |
$0.00 |
$0.00 |
$4.50 |
100 |
$0.00 |
$0.00 |
$4.51 |
100 |
$0.00 |
$0.00 |
$4.60 |
100 |
$0.00 |
$0.00 |
$4.61 |
100 |
$0.00 |
$0.00 |
$4.70 |
100 |
$0.00 |
$0.00 |
$4.80 |
100 |
$0.00 |
$0.00 |
$4.90 |
100 |
$0.00 |
$0.00 |
$5.00 |
100 |
$0.00 |
$0.00 |
Puts Strike ($) |
Contract Size |
Intrinsic Value ($) |
Cash Settlement Amount per lot ($) (2 decimal places) |
|---|---|---|---|
$5.00 |
100 |
$0.78 |
$78.00 |
$4.90 |
100 |
$0.68 |
$68.00 |
$4.80 |
100 |
$0.58 |
$58.00 |
$4.70 |
100 |
$0.48 |
$48.00 |
$4.61 |
100 |
$0.39 |
$39.00 |
$4.60 |
100 |
$0.38 |
$38.00 |
$4.51 |
100 |
$0.29 |
$29.00 |
$4.50 |
100 |
$0.28 |
$28.00 |
$4.41 |
100 |
$0.19 |
$19.00 |
$4.40 |
100 |
$0.18 |
$18.00 |
$4.31 |
100 |
$0.09 |
$9.00 |
$4.30 |
100 |
$0.08 |
$8.00 |
$4.21 |
100 |
$0.00 |
$0.00 |
$4.20 |
100 |
$0.00 |
$0.00 |
$4.11 |
100 |
$0.00 |
$0.00 |
$4.10 |
100 |
$0.00 |
$0.00 |
$4.01 |
100 |
$0.00 |
$0.00 |
$4.00 |
100 |
$0.00 |
$0.00 |
$3.91 |
100 |
$0.00 |
$0.00 |
$3.90 |
100 |
$0.00 |
$0.00 |
$3.81 |
100 |
$0.00 |
$0.00 |
$3.80 |
100 |
$0.00 |
$0.00 |
$3.71 |
100 |
$0.00 |
$0.00 |
$3.70 |
100 |
$0.00 |
$0.00 |
$3.61 |
100 |
$0.00 |
$0.00 |
$3.60 |
100 |
$0.00 |
$0.00 |
$3.51 |
100 |
$0.00 |
$0.00 |
$3.50 |
100 |
$0.00 |
$0.00 |
$3.41 |
100 |
$0.00 |
$0.00 |
$3.40 |
100 |
$0.00 |
$0.00 |
$3.31 |
100 |
$0.00 |
$0.00 |
$3.30 |
100 |
$0.00 |
$0.00 |
$3.21 |
100 |
$0.00 |
$0.00 |
$3.20 |
100 |
$0.00 |
$0.00 |
$3.11 |
100 |
$0.00 |
$0.00 |
$3.10 |
100 |
$0.00 |
$0.00 |
$3.01 |
100 |
$0.00 |
$0.00 |
$3.00 |
100 |
$0.00 |
$0.00 |
$2.91 |
100 |
$0.00 |
$0.00 |
$2.90 |
100 |
$0.00 |
$0.00 |
$2.81 |
100 |
$0.00 |
$0.00 |
$2.80 |
100 |
$0.00 |
$0.00 |
$2.71 |
100 |
$0.00 |
$0.00 |
$2.70 |
100 |
$0.00 |
$0.00 |
$2.61 |
100 |
$0.00 |
$0.00 |
$2.60 |
100 |
$0.00 |
$0.00 |
$2.51 |
100 |
$0.00 |
$0.00 |
$2.50 |
100 |
$0.00 |
$0.00 |
$2.41 |
100 |
$0.00 |
$0.00 |
$2.40 |
100 |
$0.00 |
$0.00 |
$2.30 |
100 |
$0.00 |
$0.00 |
$2.21 |
100 |
$0.00 |
$0.00 |
$2.20 |
100 |
$0.00 |
$0.00 |
$2.10 |
100 |
$0.00 |
$0.00 |
$2.00 |
100 |
$0.00 |
$0.00 |
What do I need to do by when?
The termination of all VUK ETO series on ASX Clear.
Need more information?
Issued by
Greg Fitzpatrick, Clearing Operations
Contact information
ASX Clearing Operations
clearing@asx.com.au