SG Issuer Announces Distribution Payments for Meituan and CMB Autocall Certificates
Key Points:
- SG Issuer has declared distribution amounts for Meituan AutocallSG250804 (Y5E) and CMB AutocallSG250804 (TNL).
- The distribution amount for Meituan AutocallSG250804 is S\$0.03 per certificate.
- The distribution amount for CMB AutocallSG250804 is S\$0.025 per certificate.
- The observation date for both distributions is 01 November 2024.
- The trading will commence on an ex-distribution basis from 08 November 2024.
- The distribution record date is set for 08 November 2024, and the payment date is scheduled for 12 November 2024.
- The closing prices of the underlying stocks on the observation date were higher than or equal to the distribution barrier, ensuring payment to certificate holders.
Important Information for Shareholders:
- Shareholders should note the significant dates: observation date (01 November 2024), ex-distribution trading commencement (08 November 2024), distribution record date (08 November 2024), and payment date (12 November 2024).
- For Meituan AutocallSG250804, the closing price was 187.6, and for CMB AutocallSG250804, it was 38.2 on the observation date.
- These distributions might positively impact the share prices due to the returns generated for the certificate holders.
SG Issuer has confirmed that the closing prices of the underlying stocks or indices on the observation date met or exceeded the distribution barrier. Consequently, holders of the certificates listed in the records maintained by CDP as of 5:00 p.m. (Singapore time) on the distribution record date will receive their respective distribution amounts on the payment date.
Holders of these certificates are advised to consult their stockbrokers, bank managers, accountants, solicitors, or other professional advisers if they have any doubts about the actions they should take.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions.
