Notice

Insurance Australia Group Limited (ASX Code: IAG) – in Trading Halt on an Exchange Traded Option (ETO) Expiry Day – Implication for ETO Market Trading

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Notice reference number: 1491.20.11
Date published: 19/11/20
Effective as of: 19/11/20
Last updated: 19/11/20

Insurance Australia Group Limited – Termination Settlement Price for IAG ETOs 

The securities of IAG were placed in Trading Halt prior to trading on Thursday, 19 November 2020, at the request of the Company pending the release of an announcement by the Company.

There are open positions in expiring (November 2020) IAG ETOs.  In the event that the above Trading Halt remains in place after the conclusion of trading today, IAG ETOs expiring today will use the last traded price of their respective underlying before the Trading Halt came into effect for settlement.  Exercise restrictions are not currently in place for IAG.

In line with current policy, when an ETO underlying products is in a Trading Halt on a designated expiry date, ASX has determined that the expiring IAG ETOs will be reopened for trading at 2.00pm (Sydney time) on Thursday, 19 November 2020 which is the ETO expiry day, unless the underlying is resumed prior, regardless of the status of the underlying.

What do I need to do by when?

Participants can trade expiring IAG ETOs from 2:00pm (Sydney time) should they need to do so.

Need more information?

Issued by

Trading Operations

Contact information

tradingoperations@asx.com.au

1300 655 560

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