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Informative Notice – 20171218 Review Timetable
FTSE/JSE Index Review Timetable – December 2017
3 November 2017
The FTSE/JSE Africa Index Series will be reviewed during December 2017. The review
timetable is as follows:
Event Date Description
Free Float and Shares 15 November2017 Cut date to determine free float changes in
In Issue Changes Cut excess of 3% and cumulative shares in
Date issue changes in excess of 1%
Ranking Cut Date 20 November 2017 Market capitalisation snapshot for ranking
and selection purposes
Indicative Free Float 23 November 2017 Publication of the indicative free float
changes
Review ICA 29 November 2017 Review additions, deletions and weighting
changes published
FTSE/JSE AC Meeting 30 November 2017 FTSE/JSE Advisory Committee Meeting
Capping Cut Date 8 December 2017 Closing prices snapshot for portfolio factor
calculation
Portfolio Factors 11 December 2017 Publication of portfolio factors for capped,
equally weighted and fundamental
weighted indices
Effective Date 18 December 2017 Review changes applied from start of
trading
Cut-off date for New Information: Information available prior to the end of day on 15
November 2017 will be considered when determining December’s shares and free float
updates.
Indicative Shares and Float Files: The indicative shares and float files will be released by
FTSE Russell on 22 November 2017 (and will be available on the FTSE/JSE website on 23
November 2017). Clients are welcome to query the data included within these files and
FTSE/JSE will review appropriately. Any changes will be visible within the indicative files
which will be published daily between 22 November and 28 November 2017 -
although no supplementary notification will be provided (i.e. any changes from the previous
day’s file will not be highlighted). These files are strictly indicative and are subject to daily
changes.
Please note: the daily publication of the indicative files without supplementary information
(i.e. the changes from the previous iteration) is intended to be temporary and is under
review, with any further changes scheduled to become effective in time for the March review.
Final Shares in Issue and Float Files: The final shares and float, and review files will be
released on 29 November 2017.
Query Period: Clients are welcome to query the share and free float data visible within the
indicative files and the final files between 22 November 2017 and the end of day on 01
December 2017. Any corrections to the final shares and float files will result in a
restatement of the final files with an accompanying notice that will communicate the precise
changes.
Lock-Down Period: Effective start of trading on 04 December 2017, the scheduled shares
and free float changes will be “locked down” across the FTSE/JSE Indexes, with no further
corrections applied this quarter*.
*on occasion, egregious errors may be corrected during the lock-down period if an erroneous
change will compromise the replicability of the index or if the change places potential price
pressure on the company.
Index Review effective Date: from start of trading on 18 December 2017, the quarterly
share and free float updates will become effective within the FTSE/JSE indexes.
Additional Clarifications
Suspended Stocks: Constituents which are suspended on 01 December 2017 will not have
their scheduled review changes implemented regardless of a resumption of trade prior to the
review effective date (any reversals will be communicated on 04 December 2017). The
scheduled review changes will be implemented T+2 after the review effective date, at the
earliest, upon resumption of trade.
If an active constituent suspends on or prior to 13 December 2017, the scheduled review
changes will be reversed (the final reversals will be communicated on 14 December 2017)
and applied T+2 after the resumption of trade. If a suspension occurs on 14 December
2017 or 15 December 2017, the review changes will proceed as previously
communicated*.
*in exceptional circumstances, it may be deemed necessary to reverse the review changes
when a company suspends on December 14 or 15.
Equity Offerings: In accordance with standard methodology, primary and secondary
offerings will continue to be applied with two days’ notice when discovered after the review
announcement date. However, offerings discovered on, or would otherwise be implemented
on, the Monday, Tuesday, and Wednesday prior to the review will instead be implemented
simultaneously in conjunction with the review effective date on 18 December 2017 (open).
Offerings discovered on the Thursday and Friday prior to the review will be implemented
with two days’ notice and therefore subsequent to the review; i.e. primary and secondary
offerings will not be implemented to the FTSE/JSE indexes during the week leading up to the
review.
Should you require further information, please refer to the FTSE/JSE Ground Rules available
at the link below or contact Indices on +27 11 520 7137 or indices@jse.co.za
FTSE/JSE Ground Rules
For further information or general enquiries please contact us at info@ftse.com or indices@jse.co.za or call:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in EMEA: Tel: +44 (0) 20 7866 1810
Client Services in US: New York: (Domestic) + 1 888 747 FTSE (3873) / (International): +1 212 314 1139
Client Services in Asia Pacific: Hong Kong: + 852 2164 3333 Australia:(Domestic Toll-Free) + 1800 653 680 / (International) + 61
(2) 9293 2864 Japan + 81 (3) 3581 2764
JSE Limited: Tel: +27 11 520 7137
Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
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