Corporate actions
Jun 16, 2022

Compagnie Generale des Etablissements Michelin SCA: Stock Split, ISIN Change

The company Michelin SCA has announced a 4-for-1 stock split. More information about this stock split is available on the company`s website www.michelin.com .

The stock split will result in an adjustment of the affected Eurex-listed contracts. In addition, the ISIN FR001400AJ45 has been assigned to the new Michelin shares and will serve as the new underlying of the above-mentioned contracts. The contracts’ reference data will change as specified in the following table:

Product code
old/new

ISIN of Underlying Instrument old

ISIN of Underlying Instrument new

Product-ISIN old

Product-ISIN new

MCH

FR0000121261

FR001400AJ45

FR0000121261

FR001400AJ45

MLXP

FR0000121261

FR001400AJ45

DE000A2YZJM7

DE000A2YZJM7

MLXF

FR0000121261

FR001400AJ45

DE000A0JJS53

DE000A0JJS53

TMCH

FR0000121261

FR001400AJ45

DE000A2X12V9

DE000A2X12V9

Adjustment result
R-factor: 0.25

Options
Adjusted contract size MCH version 0: 100 --> Version 1: 400
Adjusted exercise prices:
5600 0 ->  1400 1      6000 0 ->  1500 1
6400 0 ->  1600 1      7200 0 ->  1800 1      7600 0 ->  1900 1
8000 0 ->  2000 1      8400 0 ->  2100 1      8800 0 ->  2200 1
9200 0 ->  2300 1      9300 0 ->  2325 1      9400 0 ->  2350 1
9500 0 ->  2375 1      9600 0 ->  2400 1      9700 0 ->  2425 1
9800 0 ->  2450 1      9900 0 ->  2475 1     10000 0 ->  2500 1
10200 0 ->  2550 1     10400 0 ->  2600 1     10600 0 ->  2650 1
10800 0 ->  2700 1     11000 0 ->  2750 1     11200 0 ->  2800 1
11400 0 ->  2850 1     11600 0 ->  2900 1     11800 0 ->  2950 1
12000 0 ->  3000 1     12200 0 ->  3050 1     12400 0 ->  3100 1
12600 0 ->  3150 1     12800 0 ->  3200 1     13000 0 ->  3250 1
13200 0 ->  3300 1     13400 0 ->  3350 1     13600 0 ->  3400 1
13800 0 ->  3450 1     14000 0 ->  3500 1     14200 0 ->  3550 1
14400 0 ->  3600 1     14600 0 ->  3650 1     14800 0 ->  3700 1
15000 0 ->  3750 1     16000 0 ->  4000 1     17000 0 ->  4250 1
18000 0 ->  4500 1     19000 0 ->  4750 1     20000 0 ->  5000 1
22000 0 ->  5500 1     24000 0 ->  6000 1     26000 0 ->  6500 1


Futures adjusted contract size
MLXF: 100 --> 400
M2CH: 1000 --> 4000


Adjusted settlement prices for series with Open Interest
MLXF Jun22: 111.446 -->27.8615
M2CH Jun22: 4.50 --> 1.125
M2CH Dec23: 4.748 --> 1.187
M2CH Dec24: 4.70 --> 1.175

No adjustment in MLXP due to no open interest
 

 

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