Dividend-triggered strike price adjustment for stock options applies when dividend threshold met or timeline exemption is sought. Adjustment in strike price for stock option contracts is required when dividends meet the prescribed threshold or when a listed entity has sought an exemption from listing-timeline obligations; existing corporate-action adjustment principles remain unchanged. Stock exchanges must implement systems, amend bye-laws and notify members and the market.
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Provisions expressly mentioned in the judgment/order text.
Dividend-triggered strike price adjustment for stock options applies when dividend threshold met or timeline exemption is sought.
Adjustment in strike price for stock option contracts is required when dividends meet the prescribed threshold or when a listed entity has sought an exemption from listing-timeline obligations; existing corporate-action adjustment principles remain unchanged. Stock exchanges must implement systems, amend bye-laws and notify members and the market.
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