Corporate actions

If a structured product references an underlying asset that becomes subject to a corporate action, the action will usually require an adjustment to be made to the strike price of that asset. Some examples of corporate actions where this might be necessary include rights issues, mergers, de-mergers, takeovers, share splits and share consolidations.

When such an event occurs, ICE Futures Europe will issue a Corporate Action Notice based on its Corporate Actions Policy, to determine the ratio that ought to be applied to strike prices for contracts that reference that particular share.

NEXT plc - JANUARY 2018

SKY plc - JANUARY 2018

NATIONAL GRID - MAY 2017

LLOYDS BANKING GROUP - APRIL 2017

SOFTBANK GROUP CORP TAKEOVER OF ARM HOLDINGS SEPTEMBER 2016

ROYAL DUTCH SHELL TAKEOVER OF BG GROUP - FEBRUARY 2016

LLOYDS BANKING GROUP - APRIL 2016

PRUDENTIAL - MARCH 2016

GLAXOSMITHKLINE - FEBRUARY 2016

STANDARD CHARTERED RIGHTS ISSUE  - NOVEMBER 2015

STARBUCKS 2 FOR 1 SHARE SPLIT - APRIL 2015