Corporate Actions

The purpose of this section of Italian Stock Exchange website is to offer an overview on how to deal with corporate actions. The document, drawn up to offer support to the market, aims at helping you understand the potential impact that a corporate action may have on derivative contracts on single shares, i.e. stock future and stock option contracts.

The case studies illustrated and the examples provided, notwithstanding their informative nature, derive from the direct experience gained by managing adjustments over the years. The objective of this section is to minimise uncertainty around the way in which the adjustments were adopted by Borsa Italiana, in order to guarantee the utmost transparency of information and remove the distortion effects that may result from an erroneous interpretation of the adjustments adopted.

For a summary of the legislation in force, please refer to the Rules and Instructions of Borsa Italiana (in addition to the applicable law provisions and regulations), whose content will prevail in any case. The examples provided within the following text are merely for information purposes and cannot be regarded as a commitment by Borsa Italiana.

The Italian text of this section of the Italian Stock Exchange website shall prevail over the English version.