On Monday 3 March 2008, Liffe will launch options on Nyrstar, which will be included in the BEL20 index after the close of the markets on that day. Each option will have 100 underlying Nyrstar shares.
Expiry months up to 12 months will be available on the following months: March 08; April 08; May 08; June 08; September 08 and December 08.
Exercise prices will be fixed on 29 February and are expected to be in the range of €10 and €20.
Like all other options offered in Brussels, the options on Nyrstar are American style, i.e. they can be exercised on any trading day during the life of the option.
Wolverine Trading UK Ltd. and B&B Trading N.V. will act as market makers ensuring the necessary liquidity in all options series.
‘Liffe is happy to offer its clients additional trading and hedging possibilities on the Brussels market, now that Nyrstar is joining the BEL20 index’, said Bruno Colmant, CEO of Euronext Brussels. ‘With this new option class, 16 individual equity options on Belgian shares are now available for all customers’, Bruno Colmant added. -- www.euronext.com
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