Continental Aerospace: J.P. Morgan Securities Closes and Issues Derivatives Ahead of Proposed Delisting

Bulletin Express08-06 17:05

Continental Aerospace Technologies Holding Limited disclosed that J.P. Morgan Securities PLC—identified as a Class (5) associate connected with the Offeror—executed a series of derivative transactions in the company’s shares on 5 August 2026, in the context of the firm’s planned delisting.

Key transaction details • On 5 August 2026, J.P. Morgan Securities PLC closed out 74,000 share-linked derivatives maturing on 30 May 2028 at a reference price of USD 0.4494, settling USD 33,259.00. • The same day, it issued three new derivative positions, all maturing on 20 July 2027: – 140,000 reference shares at USD 0.4506 for USD 63,084.00. – 250,000 reference shares at USD 0.4506 for USD 112,650.00. – 500,000 reference shares at USD 0.4506 for USD 225,300.50.

Subsequent adjustments Following these trades, two additional closings of earlier derivative contracts were reported: • 1,412,000 reference shares closed on 14 July 2027 at USD 0.4491, for USD 634,075.54. • 3,858,000 reference shares closed on 14 July 2027 at USD 0.4491, for USD 1.73 million.

Position impact After the transactions, J.P. Morgan Securities PLC’s resultant balance linked to Continental Aerospace shares stood at 388.36 million reference securities, down 4.77 million from the pre-transaction level of 393.13 million.

Context The dealings form part of the disclosure requirements under Rule 22 of the Hong Kong Code on Takeovers and Mergers amid Continental Aerospace’s proposed delisting. All trades were conducted for J.P. Morgan Securities PLC’s own account, and the firm is ultimately owned by JPMorgan Chase & Co.

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