Existing futures and options contracts on Group 4 Falck A/S will be adjusted as a consequence of the above in compliance with the ‘Adjustment procedures for Danish shares’ over two days, cf. below. For further information on the adjustment, please see the announcement of 12 July 2004 by the FUTOP Clearing Centre.
Adjustment on 20 July 2004 after the close of the market
As announced by the FUTOP Clearing Centre on 12 July 2004 the adjustment means that futures and options contracts on Group 4 Falck A/S will be exchanged for contracts on Falck A/S and Group 4 Securicor plc on the basis of the average prices of 20 July 2004 for the underlying shares in Falck A/S and Group 4 Securicor plc.
The adjustment factor has been calculated as follows:
| Contracts | Weighted average price | Adjustment factor |
| Group 4 Securicor plc | 113,48 (8,2*13,84) | 0,73284 |
| Falck A/S | 41,37 | 0,26716 |
The adjustment merely implies a change in the strike price, whereas the number of underlying shares will remain at 100 for both the exchanged contracts.
Futures and options contracts on Falck A/S may be traded with effect from 21 July 2004, when the market opens. The short name of these contracts will be FALCK. Trading in Group 4 Securicor plc contracts will be halted until the adjustment mentioned below has been effected.
Adjustment of Group 4 Securicor plc on 21 July 2004 after the close of the market
The merger between Group 4 A/S and Securicor means that futures and options contracts on Group 4 Securicor plc will be adjusted for the exchange rate 8.2:1. The strike price shall thus be divided by 8.2, while underlying shares shall be multiplied by 8.2. The number of underlying shares will thus total 820 shares for the adjusted Group 4 Securicor plc contracts. The short name of the adjusted Group 4 Securicor plc contracts will be GR4SEC (Y).
On 22 July 2004, contracts on Group 4 Securicor plc were introduced with 100 underlying shares. The short name of these contracts will be GR4SEC.
