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18.11.3 Bonus and Rights Issues — Exercise Notices On or After "Ex Date"

(1) Where the Exercise Notice in respect of an Option Series entitled to a distribution in the form of a bonus or a rights issue is lodged with the OCC on or after the "ex date", the buyer shall not be entitled to the bonus securities or the rights entitlements.
(2) Delivery and settlement procedures in respect of exercised Options adjusted in accordance with the provisions of Rule 18.10 shall be in accordance with such procedures as SGX-ST or the OCC may from time to time prescribe.