ACTION: Cemex, S.A. de C.V. (“CX”) has announced a 4% Stock Dividend. The ex-distribution date is May 29, 2009. The payable date is to be determined. The record date is June 2, 2009.
This corporate event will be coordinated with the Options Clearing Corporation.
CATEGORY: Stock Dividend
EQUITY SYMBOL: Cemex, S.A. de C.V. (“CX”)
ONECHICAGO SYMBOL: CX1C changes to CX2C; a new CX1C will be re-listed on Monday, June 1, 2009.
CME FUTURES SYMBOL: CX8 for the CX2C; CX9 for the re-listed CX1C
EFFECTIVE DATE: Friday, May 29, 2009
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
NEW DELIVERABLE PER CONTRACT: For the CX2C:
104 Cemex, S.A. de C.V. (“CX”) Common Shares
For the re-listed CX1C:
100 Cemex, S.A. de C.V. (“CX”) Common Shares
APPLICABLE CONTRACT MONTHS: June, July, September, and December 2009
SETTLEMENT PRICES AND POSITIONS: The underlying price for CX2C will be determined as follows:
CX2C = 1.04 * CX
Please note that the valuation would apply only to the CX2C deliverable in terms of current market value of the deliverable securities. The resulting price would not be equivalent to the daily settlement price of a futures contract month, whose determination would include cost of money carrying charges, adjustment for dividends, and other factors.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firm’s positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
The details after the corporate event has been applied can be viewed in the Corporate Event Activity Report (ONE711).
If you have any questions regarding the information provided in the document, please call CME Clearing Risk Management hotline at (312) 648-3888.