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Informative Notice - 20181224 Review Timetable Informative Notice
FTSE/JSE Index Review Timetable – December 2018
12 November 2018
The FTSE/JSE Africa Index Series will be reviewed during December 2018. The review timetable is as follows:
Event Date Description
Free Float and Shares In 16 November 2018 Cut date to determine free float
Issue Changes Cut Date changes in excess of 3% and
cumulative shares in issue changes
in excess of 1%.
Ranking Cut Date 26 November 2018 Market capitalisation snapshot for
ranking and selection purposes.
Indicative Free Float 26 November 2018 Publication of the indicative free
float changes.
Review ICA 05 December 2018 Review additions, deletions and
weighting changes published.
FTSE/JSE AC Meeting 06 December 2018 FTSE/JSE Advisory Committee
Meeting.
Capping Cut Date 14 December 2018 Closing prices snapshot for portfolio
factor calculation.
Portfolio Factors 18 December 2018 Publication of portfolio factors for
capped, equally weighted and
fundamental weighted indices.
Effective Date 24 December 2018 Review changes applied from start
of trading.
Cut-off date for New Information: Information available prior to the end of day on 16 November 2018 will be
considered when determining December’s shares and free float updates.
Shares and Float Files: The shares and float files will be released on 23 November 2018 (and will be available
on the FTSE/JSE website on 26 November 2018). Clients are welcome to query the data included within these
files and FTSE Russell will review appropriately. Any changes will be visible within the files which will be published
daily between 23 November and 07 December 2018. These files are strictly indicative until end of day on 07
December 2018 and are subject to daily changes.
The index review files will be released on 05 December 2018.
The shares and float files will be considered final on 07 December 2018.
Query Period: Clients are welcome to query the data visible within the files between 26 November 2018 and the
end of day on 07 December 2018.
Lock-Down Period: Effective start of trading on 10 December 2018, the scheduled changes will be “locked
down” across the FTSE 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 24 December 2018, the quarterly changes will become
effective within the FTSE/JSE indexes.
Additional Clarifications
Suspended Stocks: Constituents which are suspended on 07 December 2018* will not have their scheduled
review changes implemented regardless of a resumption of trade prior to the review effective date. 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 19 December 2018, the scheduled review changes will be reversed
and applied T+2 after the resumption of trade (T+2 after the review effective date, at the earliest). If a suspension
occurs on 20 December 2018 or 21 December 2018, the review changes will proceed as previously
communicated**.
*If there is a confirmed resumption of trade date which occurs prior to the review effective date, the review
changes will proceed as scheduled.
**in exceptional circumstances, it may be deemed necessary to reverse the review changes when a company
suspends on 20 or 21 December.
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 24 December 2018
(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.
Timetable Summary
Date Action
Friday 16 November Share and Float cut-off date
Friday 23 November to Friday 07 December Shares in issue and free float changes published
Wednesday 05 December The review files will be published.
Monday 26 November to Friday 07 December Query period
Monday 10 December Lock down period commences from the open
Monday 24 December Index review effective from the open
Should you require further information, please refer to the FTSE/JSE Ground Rules available at the link below or
contact the JSE on +27 11 520 7000 or info@jse.co.za
FTSE/JSE Ground Rules
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 3581 2764
London +44 (0) 20 7866 1810
New York +1866 551 0617
Alternatively please visit our website at www.ftserussell.com
Terms of Use | Copyright © 2018 FTSE Russell
Date: 12/11/2018 05:43:00 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,
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