General Announcement::Permanent Suspension and Intention of Early Delisting
Issuer & Securities
Issuer/ Manager
SG ISSUER
Securities
HSTECH 7XLONGSOCGEN 250304 - LU2375062606 - CYPW
HSTECH 7XLONGSOCGEN 251029 - LU2375063323 - CYSW
HSTECH 7XLONGSOCGEN 251216 - LU2517556473 - UQTW
HSTECH 7XLONGSOCGEN 251218 - LU2517557877 - ILKW
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
08-Oct-2024 11:25:23
Status
New
Announcement Sub Title
Permanent Suspension and Intention of Early Delisting
Announcement Reference
SG241008OTHRZTIV
Submitted By (Co./ Ind. Name)
Marcus Ng
Designation
Vice President
Effective Date and Time of the event
08/10/2024 10:30:00
Description (Please provide a detailed description of the event in the box below)
Unless otherwise defined, the capital terms in this Announcement shall bear the same meaning in the relevant Supplemental Listing Document in relation to the Securities.
SG Issuer would like to notify the holders of the Securities regarding the trigger of the Air Bag Mechanism (and the subsequent suspension of the Securities) on the effective date and time stated herein. As the New Observed Level represents a sharp intraday movement in the price/level of the Underlying Stock/Index of more than 20% compared to its previous close, the Securities have lost 100% of their value according to the Supplemental Listing Document. Details as follows:
Airbag Trigger Time: 10:30
New Observed Price/Level: 4611.45
Underlying Stock/Index previous close: 5386.48
In accordance with the Supplemental Listing Document, the Securities will not recover in value even if the Underlying Stock/Index recovers from its sharp intraday move. The trading and market making activities for the Securities will be permanently suspended. Please refer to the website at dlc.socgen.com for more information.
SG Issuer wishes to advise that it intends to exercise its right to terminate the Securities under the terms and conditions of the Securities and an application will be made to the SGX-ST for such early termination and the delisting of the Securities from the Official List of the SGX-ST. SG Issuer will release a further announcement to inform the holders of the Securities of the effective date of such early termination and delisting.
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