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CIRCULAR 089-15 July 27, 2015 FINAL CONTRACT ADJUSTMENT Catamaran Corporation. (CCT) Plan of Arrangement (Final) THE FOLLOWING INFORMATION IS PREPARED FOR THE CONVENIENCE OF CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC) MEMBERS AND BOURSE DE MONTRÉAL INC. (THE BOURSE) APPROVED PARTICIPANTS. THIS DOCUMENT IS AN UNOFFICIAL SUMMARY OF CERTAIN TERMS OF THE AFOREMENTIONED ADJUSTMENT. CDCC AND THE BOURSE ACCEPT NO RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF THE SUMMARY. CDCC MEMBERS AND BOURSE APPROVED PARTICIPANTS MUST ENSURE THEY HAVE REVIEWED THE DOCUMENTATION PUBLISHED BY THE ISSUERS INVOLVED IN THIS CORPORATE ACTION.
The Bourse and CDCC wish to inform you that Catamaran Corporation (“Catamaran”) announced on July 23, 2015 that it has entered into a definitive agreement with OptumRX Inc. (“OptumRX”) pursuant to which OptumRX will acquire all of the issued and outstanding shares of Catamaran for $61.50 USD in cash per share by way of a plan of arrangement.
Catamaran Corporation (CCT) CDCC - Adjustment Details: Pursuant to Terms of Adjustment provided in Section A-902 of the Rules of CDCC, all Catamaran options will be adjusted as follows: EFFECTIVE DATE:
July 28, 2015
CCT will become CCT1
NUMBER OF CONTRACTS:
NEW DELIVERABLE PER CONTRACT:
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
Circular no.: 089-2015
POSITION AND EXERCISE LIMITS:
The position and exercise limits will be fixed at 250,000 contracts.
CDCC will not accept escrow receipts on these adjusted series Bourse de Montréal Inc. - Adjustment Details: It is important to note that on the effective date mentioned above, all open orders on this option class will not be automatically modified to reflect the plan of arrangement and will therefore have to be re-entered into the Montreal Automated System (SAM) by the approved participants. The existing series of CCT options class will be transferred to the CCT1 options class representing the new deliverable. Please note that only closing transactions will be permitted on the adjusted class. Actual series that do not have open interest will not be adjusted. Catamaran Corporation
Actual Strike Prices $ 56.00 $ 58.00 $ 60.00 $ 62.00 $ 64.00 $ 66.00 $ 68.00 $ 70.00 $72.00 $74.00 $76.00 $78.00 $80.00 $82.00 $84.00
Actual Class Symbol
New class symbol
CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT CCT
CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1 CCT1
Please note that Catarmaran Corporation (CCT) is part of our Penny Pilot and therefore the new symbol CCT1 will be in the Pilot. PLEASE ENSURE THAT ALL CLIENTS WHO HAVE EITHER LONG OR SHORT POSITIONS IN THIS OPTION CLASS ARE ADVISED OF THIS NOTICE.
Circular no.: 089-2015
For further information, please contact Louise Leclair, Trading Systems Analyst Market Operations, Bourse de Montréal Inc. at (514) 871-3526. CDCC clearing members may contact CDCC’s Corporate Operations Department.
Claude Cyr Senior Vice-President, Financial Markets