How to exercise the rights of Jiangtong, and the exercise of Jiangtong warrants

Several aspects that should be paid attention to in the announcement information of Jiangtong CWB1 warrants.

China International Finance ****.

Jiangtong CWB1 exercise**, exercise ratio, settlement method, exercise period and other basic information, Jiangxi Copper Co., Ltd. (hereinafter referred to as the company or Jiangxi Copper) have been disclosed in the warrant issuance and listing related announcements; During the duration of the warrants, the company has adjusted the exercise of the warrants due to the distribution of dividends**, and there has been a corresponding announcement. When the exercise period is approaching, we recommend warrant investors to carefully read the various exercise announcements of Jiangtong CWB1, and remind investors to pay attention to the following information:

First, the last trading day and exercise period of warrants: the last trading day of Jiangtong CWB1 is September 21, 2010, after which investors can no longer buy and sell warrants through the secondary market; The warrant exercise period is 5 trading days from 27 September 2010, i.e. 27 September, 28 September, 29 September, 30 September and 8 October 2010. Investors need to be reminded that:

Due to holidays and exercise periods, Jiangtong CWB1 will cease trading in the secondary market from September 22, 2010 (inclusive); As of 3 p.m. on October 8, 2010, the CWB1 that has not been exercised will be cancelled.

Second, the settlement method of the warrant: Jiangtong CWB1 belongs to the ** payment settlement type warrant, that is, the holder of the warrant can obtain the newly issued A shares of Jiangxi Copper by paying according to the pre-agreed **. Warrant holders are required to take the initiative to declare the exercise of the option during the exercise period, and to ensure that there is sufficient cash in the ** account to purchase Jiangxi Copper (600362)** before the exercise.

The ** obtained after the successful exercise of the option can be listed and circulated on the next trading day after the exercise.

Third, the exercise of warrants** and exercise ratio: after dividends and dividends in 2008 and 2009, the latest exercise of Jiangtong CWB1 after adjustment is yuan shares, and the exercise ratio is 4:1, that is, for every 4 warrants held, the warrant holder can subscribe for 1 share of Jiangxi Copper A shares ** with the ** of yuan shares, and the part of Jiangxi Copper A shares ** calculated according to the exercise ratio of Jiangtong CWB1 warrants is less than 1 share.

Exercise** and exercise ratio are two very important data, and warrant holders should use these two factors to ** their potential income and make investment decisions about buying and selling warrants, exercising or waiving exercise.

Disclaimer: This article is a comprehensive compilation of relevant public information such as the listing announcement and exercise indicative announcement of Jiangtong CWB1 warrants issued by China International Capital Corporation in accordance with the "Interim Measures for the Administration of Warrant Business" issued by Shanghai ** Stock Exchange and Jiangxi Copper Co., Ltd. When investors participate in warrant trading and exercise, please refer to the relevant information published by the exchange or the warrant issuer.

When it expires, leave enough money in your account, and then exercise it.

The announcement is very clear, and you are still ready to exercise your rights? There is a lot of money to exercise the option.

【2010-09-13 SSE】

Jiangxi Copper: Announcement on the first reminder of the exercise of "Jiangtong CWB1" warrants.

In view of the Jiangxi Copper Co., Ltd. **** warrant "Jiangtong CWB1" (transaction **: 580026, exercise **:

582026) is about to expire, investors are hereby reminded to pay serious attention to the relevant issues of the exercise of the "Jiangtong CWB1" warrant.

Investment Risk. The last trading day of the "Jiangtong CWB1" warrants is September 21, 2010, starting from September 22, 2010.

cease trading; The exercise period is five trading days from September 27 to 30 and October 8, 2010.

For every 4 "Jiangtong CWB1" warrants held by investors, they have the right to share the ** (ex-dividend after dividends.

After the adjustment) to subscribe for 1 share of the company's A shares**. According to the exercise ratio of the "Jiangtong CWB1" warrant (calculated.

The part of the company's A shares** less than 1 share will be discarded, and the shares obtained by successful exercise can be obtained after the exercise.

1. Listed for trading on a trading day.

On the trading day before the date of this announcement, the **** price of the company's A shares was yuan shares, and "Jiangtong CWB1" stock options.

The price of the warrant is RMB, and the exercise of the warrant is RMB. Whereas, as of the date of this announcement (September 13, 2010

There are only 7 trading days from the last trading day of the "Jiangtong CWB1" warrant (September 21, 2010) to investors.

Be aware of investment risks.

You can take the **** 250 shares of Jiangxi Copper on the day of exercise.

The exercise cost per share, 1000 warrants can buy 250 shares, you need 250* yuan, you can buy 250 shares.

If you don't exercise the right, your loss: 5751 yuan; If the option is exercised, when the underlying stock ** is higher than the yuan, you start to make a profit, and when the underlying stock ** is lower, you will lose money, and the amount of loss depends on the day when the underlying stock ** hits the rock. However, the loss of exercising the option is greater than that of exercising.

Question 1,300 warrants exercise 75 shares, less than one lot is the same, according to"Jiangtong CWB1"The part of the company's A shares** calculated by the exercise ratio of the warrants is less than 1 share, and the shares obtained by successful exercise can be listed and traded on the next trading day.

Question 2, the exercise of the right will be invalid after the exercise period"Jiangtong CWB1"The warrants have not been exercised at the end of the exercise on the termination date (i.e., 15:00 on October 8, 2010)."Jiangtong CWB1"The warrants will be cancelled in their entirety.

The exercise price is to subscribe for one share of Jiangxi Copper in four warrants in Canadian dollars**. There is no handling fee for exercising the option, and it is estimated that a transfer fee will be charged, one yuan will be charged for less than 10 lots, and one yuan per lot will be charged for more than 10 lots.

1. The part of Jiangxi Copper's A shares** less than 1 share calculated according to the exercise ratio of the "Jiangtong CWB1" warrant will be discarded, and 75 shares can be subscribed.

2. Yes, it's gone.

3. Exercise price, **warrant** = your cost.

When exercising the warrants, the warrant holder should entrust the SSE member (i.e. the brokerage firm where the investor opens the account) to report through the SSE trading system. The number of warrants to be declared for exercise is an integer multiple of 1, but the part calculated according to the exercise ratio of less than 1 share will be discarded, and the exercise declaration instruction will be valid on the day and can be revoked on the same day.

The specific operation is the same as **trading, investors only need to enter the exercise**, and according to the system prompts, enter the number of exercises and the number of exercises** (yuan shares), and the buying and selling direction is Zheng Nao shouting "**". If there is any problem in the exercise process, you can consult the ** company where the account is located, and there will be a special person to guide you to complete the exercise.

400 4 = 100, the first exercise is needed, 400 *, if the share price of Jiangxi Copper is lower than the yuan share on October 8, it will lose 1280 + 1533 - stock price * 100, if the stock falls like this, so you can keep 100 shares of Jiangxi Copper stock to rise without selling.

400 * Jiangxi Copper's share price on January 8 = your loss.

Your cost is ( plus some formalities and transaction fees The cost is more than 28 yuan, which is related to the number of shares you buy.

When the stock price falls, your loss is 28 dollars minus multiplied by the number of shares ......

400 * Jiangxi Copper's stock price at the time of sale = loss. With today's **31, you are profitable, you can sell, there will be no loss.

Jiangtong CWB1 (exercise**: 582026).

The exercise period is five trading days from September 27 to 30 and October 8, 2010.

For every 4 shares held by the investor"Jiangtong CWB1"Warrants, the right to subscribe for 1 share of the company's A shares with the ** of RMB shares during the exercise period**. In accordance with"Jiangtong CWB1"The part of the company's A shares** calculated by the exercise ratio of the warrants is less than 1 share, and the shares obtained by successful exercise can be listed and traded on the next trading day after the exercise.

As of"Jiangtong CWB1"At the end of the exercise of the last exercise day of the warrant, i.e. at 15:00 on October 8, 2010, the option has not been exercised"Jiangtong CWB1"The warrants will be cancelled in their entirety.

500 warrants are exercisable and 125 shares of Jiangtong. The funds used are 125* yuan, and the exercise fee is estimated to be 10 yuan. You can sell the next day after exercising, and if the underlying stock does not exceed 10%, you will make money. It's time to see the performance of the underlying stock.

When is the right to exercise? If ** and the underlying stock have ** expectations, you can exercise the option near the last exercise date, but don't forget to exercise the option. This frees up more capital due to leverage**. If there is an expectation, it is best to exercise the option as early as possible.

500 warrants can be exercised on the 27th to **125 shares of Jiangtong shares, you are ready to yuan, according to **582026 subscription**, the next day (28th) you can sell the 125 shares of Jiangtong (600362), and recover cash.

500 shares The exercise ratio is 4:1, that is, you have the right to buy 125 shares of Jiangxi Copper for one yuan**, and you need to stay in yuan to exercise the rights, and after September 27, you can click on Other Transactions - Exercise - Securities ** 582026 in the trading software