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18.11.4 Rights Issue — Exercise Notice During "Cum Rights" Period

(1) Where the distribution is in the form of a rights issue and the Exercise Notice is lodged with the OCC on or after the date the Option Series has commenced trading "cum rights" delivery shall be effected of the Standard Quantity of the underlying securities and the rights entitlements arising in respect thereof.
(2) Where the accruing rights entitlements have yet to be received from the issuer, delivery of the rights entitlements shall be effected as soon as the issued accruing rights entitlements are received from the issuer.