STARBUCKS-T<4337> - Stock Split
Market participants are requested to note that pursuant to the Stock Split
announced by Starbucks Corporation ("Starbucks") on 20th March 2001, every
existing share of Starbucks will be entitled to one Split Share. The Stock
Split distribution is in effect equivalent to a Share Sub-division of 1
into 2 in Hong Kong. The effective date for the Stock Split in Hong Kong
on which the shares of Starbucks go ex-the distribution is 2nd May 2001.
The Exchange will provide parallel trading arrangements to facilitate the
trading of the subdivided shares from the effective date of 2nd May 2001
until 5th June 2001, as follows:
a) The present counter (stock code: 4337) for trading in board lots of 20
shares will be closed after 27th April 2001. A temporary counter will be
established under stock code 4422 in stock short name "STARBUCKS-T" for
trading in board lots of 40 subdivided shares with effect from 2nd May
2001.
b) On 16th May 2001, parallel trading will commence when the original
counter (stock code: 4337) reopens for trading in subdivided shares in
board lots of 20 shares (stock short name: STARBUCKS-T NEW) with the
temporary counter (stock code: 4422) renamed to STARBUCKS-T OLD.
c) At the close of trading on 5th June 2001, the temporary counter (stock
code: 4422) will be closed and parallel trading will end.
d) From 6th June 2001, trading in the subdivided shares in board lots of
20 shares will be conducted under the stock counter 4337 (stock short
name: STARBUCKS-T).
For more details, please refer to the circular numbered TPS/081/01 of
12 April 2001.
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