ACTION: KB Financial Group Inc. (“KB”) has declared a Rights distribution to KB American Depositary Shareholders. This includes: Transferable Rights to purchase one New KB American Depositary Shares per one Right at an estimated $32.76 per KB American Depositary Share (includes an additional 10% for expenses and foreign exchange fluctuations) with 0.0776839 transferable Rights per each KB American Depositary Share. Cash will be paid in lieu of fractional Rights.
This will be effective on July 24th, 2009.
This action will be coordinated with the Options Clearing Corporation.
CATEGORY: Stock Distribution
EQUITY SYMBOL: KB Financial Group Inc. (“KB”)
ONE CHICAGO SYMBOL: KB1C will change to KB2C
CME FUTURES SYMBOL: KB9 for the re-listed KB1C; KB8 for the KB2C
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
EFFECTIVE DATE: Friday, July 24, 2009
NEW DELIVERABLE PER CONTRACT: For the KB2C:
1) 100 KB Financial Group Inc. (“KB”) American Depositary Shares
2) 7 Rights (“KB RT”) to Purchase 7 (New) KB American Depositary Shares per 100 Rights
*3) Cash in lieu of .76839 fractional Rights (subject to delayed settlement)
*The cash portion of the deliverable remains fixed.
For the re-listed KB1C:
100 KB Financial Group Inc. (“KB”) common shares.
APPLICABLE CONTRACT MONTHS: July, August, September, December 2009
SETTLEMENT PRICES AND POSITIONS: No change to price or quantity. Settlement activity will be delayed until the non-electing special dividend consideration is determined.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firms’ 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).
If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.