General SENS Submitter Company - Informative Notice 20230105 FTSE JSE Ground Rule Update Equally Weighted Fixed Indices

Informative Notice – 20230105 FTSE JSE Ground Rule Update Equally Weighted Fixed Indices

               FTSE JSE Africa Index Series: Ground Rule Update


                                          05 January 2023
FTSE Russell would like to inform clients of the following Ground Rule update to the FTSE JSE Africa
Index Series Ground Rules, which impacts the fixed constituent equally weighted indices, which is
effective immediately.

Section 6: Changes to Constituent Companies

New Rule

6.3     Mergers, Restructuring and Complex Takeovers

6.3.1   If the effect of a merger or takeover is that one constituent in the FTSE/JSE Top 40 is absorbed
        by another constituent, the resulting company will remain a constituent of the appropriate index,
        and a vacancy will be created. This vacancy will be filled by selecting the highest ranking security
        in the appropriate Reserve as at the close of the index calculation two days prior to the deletion
        and related indices adjusted in accordance with Rule 6.2. For all the FTSE/JSE Fixed Constituent
        Equally Weighted Indices, the resulting constituent will retain the weight of the acquiring
        company in the merger (i.e. there will be no change to the acquiring company’s weight) and the
        replacement constituent will take the weight of the company being deleted from the index in the
        merger.



Old Rule

6.3     Mergers, Restructuring and Complex Takeovers

6.3.1   If the effect of a merger or takeover is that one constituent in the FTSE/JSE Top 40 is absorbed
        by another constituent, the resulting company will remain a constituent of the appropriate index,
        and a vacancy will be created. This vacancy will be filled by selecting the highest ranking security
        in the appropriate Reserve as at the close of the index calculation two days prior to the deletion
        and related indices adjusted in accordance with Rule 6.2. For all the FTSE/JSE Equally Weighted
        Indices, the resulting constituent will take the weight of the largest company in the merger and
        the replacement constituent will take the weight of the smallest company in the merger.



An updated copy of the FTSE JSE Africa Index Series Ground Rules (Version 8.0) is now available from
FTSE Russell: mailto:info@ftserussell.com
For further information please contact FTSE Russell Client Services at info@ftserussell.com or call:

 Australia              +1800 653 680
 Hong Kong              +852 2164 3333
 Japan                  +81 3 6441 1430
 London                 +44 (0) 20 7866 1810
 New York               +1866 551 0617




Alternatively please visit our website at www.ftserussell.com

                                      Terms of Use | Copyright © 2023 FTSE Russell

Date: 05-01-2023 05:25:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.