Wrap Text
Index Change Advice – 20240214 Fortress Scheme of Arrangement involving NEPI Rockcastle
CORPORATE
Fortress Real Estate Inv (South Africa): Scheme of Arrangement
involving NEPI Rockcastle (South Africa) shares and conversion
FTSE/JSE Africa Index Series
08 February 2024
Further to the FTSE/JSE notice released 19 January 2024, following notification from the exchange, and subject to the
completion of the repurchase of Fortress Real Estate Inv (B) (South Africa, constituent) shares in consideration for NEPI
Rockcastle N.V. (South Africa, constituent) shares, followed by a conversion of Fortress Real Estate Inv (A) (South
Africa, constituent) into Fortress Real Estate Inv (B) (South Africa, constituent), please see details of affected indexes
and effective dates below:
Effective From
Index Change
Start of Trading
FTSE/JSE Top 40 Index (J200) NEPI Rockcastle N.V. (South Africa, 14 February 2024
BLF9GQ6, NL0015000RT3) will remain in the
index with an unchanged shares in issue total
from 660,826,020 to 660,826,020 and an
increased investability weighting from
76.159999982889% to 83.4513919458604%*.
FTSE/JSE Mid Cap Index (J201) NEPI Rockcastle N.V. will remain in the index 14 February 2024
as detailed above.
FTSE/JSE Small Cap Index (J202) Fortress Real Estate Inv (B) (South Africa, 14 February 2024
BD9FS68, ZAE000248506) will be deleted
from the index.
Fortress Real Estate Inv (A) (South Africa, 21 February 2024
BD9FS46, ZAE000248498) will be renamed
as Fortress Real Estate Inv (B), with an
unchanged shares in issue total of
1,191,595,172** and an unchanged
investability weighting of
99.55000002299439%.
FTSE/JSE All Share Index (J203) Fortress Real Estate Inv (B) will be deleted 14 February 2024
from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Large and Mid Cap Index NEPI Rockcastle N.V. will remain in the index 14 February 2024
(J206) as detailed above.
FTSE/JSE Financial 15 Index (J212) NEPI Rockcastle N.V. will remain in the index 14 February 2024
as detailed above.
FTSE/JSE Financial & Industrial 30 NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J213) as detailed above.
CORPORATE
Effective From
Index Change
Start of Trading
FTSE/JSE Equally Weighted Top 40 NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J2EQ) as detailed above.
FTSE/JSE Equally Weighted Financial NEPI Rockcastle N.V. will remain in the index 14 February 2024
15 Index (J4EQ) as detailed above.
FTSE/JSE SA Listed Property Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J253) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Capped Property Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J254) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE RAFI All Share Index (J263) Fortress Real Estate Inv (B) will be deleted 14 February 2024
from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE RAFI All Share Capped Fortress Real Estate Inv (B) will be deleted 14 February 2024
Index (J283) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Capped Top 40 Index (J300) NEPI Rockcastle N.V. will remain in the index 14 February 2024
as detailed above.
FTSE/JSE Capped All Share Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J303) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
CORPORATE
Effective From
Index Change
Start of Trading
FTSE/JSE Style Index (J330 and J331) Fortress Real Estate Inv (B) will be deleted 14 February 2024
from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Shariah Top 40 Index (J140) NEPI Rockcastle N.V. will remain in the index 14 February 2024
as detailed above.
FTSE/JSE Capped Shariah Top 40 NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J141) as detailed above.
FTSE/JSE All Share Shariah Index NEPI Rockcastle N.V. will remain in the index 14 February 2024
(J143) as detailed above.
FTSE/JSE Top 40 Minimum Variance NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J700) as detailed above.
FTSE/JSE All-Share Minimum Variance Fortress Real Estate Inv (B) will be deleted 14 February 2024
Index (J703) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Comprehensive Fortress Real Estate Inv (B) will be deleted 14 February 2024
Factor Index (J203CF) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Yield Factor Index NEPI Rockcastle N.V. will remain in the index 14 February 2024
(J203DF) as detailed above.
FTSE/JSE All Share Low Volatility NEPI Rockcastle N.V. will remain in the index 14 February 2024
Focused Factor Index (J203LF) as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Momentum Factor Fortress Real Estate Inv (B) will be deleted 14 February 2024
Index (J203MF) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
CORPORATE
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Quality Factor Fortress Real Estate Inv (B) will be deleted 14 February 2024
Index (J203QF) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Size Factor Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J203SF) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Value Factor Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J203VF) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE All Share Volatility Factor NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J203VOF) as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Shareholder Weighted All Fortress Real Estate Inv (B) (South Africa, 14 February 2024
Share Index (J403) BD9FS68, ZAE000248506) will be deleted
from the index.
NEPI Rockcastle N.V. (South Africa,
BLF9GQ6, NL0015000RT3) will remain in the
index with an unchanged shares in issue total
from 660,826,020 to 660,826,020 and an
increased investability weighting from
76.159999982889% to 83.4513919458604%*.
Fortress Real Estate Inv (A) (South Africa, 21 February 2024
BD9FS46, ZAE000248498) will be renamed
as Fortress Real Estate Inv (B), with an
unchanged shares in issue total of
1,191,595,172** and an unchanged
investability weighting of
99.55000002299439%.
FTSE/JSE Capped Shareholder Fortress Real Estate Inv (B) will be deleted 14 February 2024
Weighted All Share Index (J433) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
CORPORATE
Effective From
Index Change
Start of Trading
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE Shareholder Weighted Top NEPI Rockcastle N.V. will remain in the index 14 February 2024
40 Index Index (J400) as detailed above.
FTSE/JSE Capped Shareholder NEPI Rockcastle N.V. will remain in the index 14 February 2024
Weighted Top 40 Index (J430) as detailed above.
FTSE/JSE Shareholder Weighted NEPI Rockcastle N.V. will remain in the index 14 February 2024
Financial 15 Index (JSZ2) as detailed above.
FTSE/JSE Shareholder Weighted NEPI Rockcastle N.V. will remain in the index 14 February 2024
Financial & Industrial 30 Index (JSZ3) as detailed above.
FTSE/JSE Responsible Investment NEPI Rockcastle N.V. will remain in the index 14 February 2024
Index (J113) as detailed above.
FTSE/JSE Tradable Property Index Fortress Real Estate Inv (B) will be deleted 14 February 2024
(J800) from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
FTSE/JSE SA All Property Index (J803) Fortress Real Estate Inv (B) will be deleted 14 February 2024
from the index.
NEPI Rockcastle N.V. will remain in the index
as detailed above.
Fortress Real Estate Inv (A) will be renamed 21 February 2024
as Fortress Real Estate Inv (B) and remain in
the index as detailed above.
* The increase in the investability weighting is based on the consideration terms of 0.060207 NEPI Rockcastle N.V.
shares for each Fortress Real Estate Inv (B) share held.
** The conversion terms are one Fortress Real Estate Inv (B) share for each Fortress Real Estate Inv (A) share held.
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Date: 09-02-2024 07:05:00
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