Listing Alert
MIAX Options
May 24, 2016 | 04:05 PM
MIAX Corporate Action Alert: Pacific Drilling S.A. (PACD)
Pacific Drilling S.A. (PACD) has announced a 1 for 10 reverse stock split that will become effective on Wednesday, May 25, 2016. On that date, the current PACD option class will change to PACD1. The MIAX Options Exchange will not list PACD1 options. Therefore, no options on PACD will be available for trading on the MIAX Options Exchange on Wednesday, May 25, 2016. Pacific Drilling S.A. (PACD) will resume trading on the MIAX Options Exchange on Thursday, May 26, 2016.
All GTC orders resting on the MIAX order book in PACD will be canceled at the close of business on Tuesday, May 24, 2016.
Additional details about the Pacific Drilling S.A. (PACD) reverse stock split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.