20160112 Anheuser-Busch InBev Listing & Index Treatment Informative Notice
Anheuser-Busch InBev (South Africa): Listing and Index Treatment
(FTSE/JSE Index Series)
Informative Notice
12 January 2016
This informative notice is issued for information purposes only and should not be used as the
basis for investment decisions.
AB InBev has obtained a Secondary Inward listing on the JSE Main Board with effect from
the commencement of trading on 15 January 2016. As an inward listing, listed on the JSE
after October 2011, AB InBev is treated as foreign for index purposes and its free float will
thus be determined by the proportion of share capital that is held in dematerialised form and
registered on the South African share register, maintained by Strate (Ground Rule 6.3.1 &
6.3.7).
Ground Rule 8.3.1 specifies that Fast Entry inclusion to the FTSE/JSE Africa Index Series is
not applicable to any share that is classified as foreign for index purposes. AB InBev would
therefore be considered for index inclusion at the March 2016 Quarterly Review for the first
time, subject to all other index eligibility criteria being passed.
According to Ground Rule 6.3.3 companies with a free float of 5% or below are not eligible
for inclusion in the Index. If 5% or less of AB InBev’s total issued shares is registered on
the Strate Register it will not be eligible for inclusion to the FTSE/JSE Africa Index Series.
As per Ground Rule 6.3.4, should a company’s free float fall between 5% and 15%, it will
only be eligible for the index providing the market capitalisation of its available float is
greater than the average company’s free float capitalisation within the Index, and it qualifies
in all other respects. At the time of this announcement the average net market cap of the
All Share index was approximately R41bn, whereas 5% of AB InBev’s global market
capitalisation was approximately R160bn.
Should you require further information, please contact Indices on +27 11 520 7137 or
indices@jse.co.za
FTSE/JSE Ground Rules
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Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
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