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Index Change Advice – 20211103 Old Mutual Unbundling of Nedbank Group
Old Mutual Ltd (South Africa): Unbundling of Nedbank Group (South
Africa)
FTSE/JSE Africa Index Series
28 October 2021
Further to the FTSE/JSE notice published on 01 October 2021 and subject to the completion of the
unbundling of Nedbank Group (South Africa, constituent) shares to Old Mutual Ltd (South Africa,
constituent) shareholders, and following notification from the Stock Exchange, please see details of
affected indexes and effective dates below:
Effective From
Index Change
Start of Trading
FTSE/JSE Top 40 Index (J200) Nedbank Group Distribution Line* 03 November 2021
(South Africa, DUMMY0000008,
BKV3N19) will be added to the index
with a shares in issue total of
62,131,248** and an investability
weighting of 96.795497699553%.
Old Mutual Ltd (South Africa,
ZAE000255360, BDVPYN5) will remain
in the index with an unchanged shares
in issue total of 4,708,553,649 and an
unchanged investability weighting of
96.795497699553%.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group (South Africa,
ZAE000004875, 6628008) will remain in
the index with an unchanged shares in
issue total of 508,870,678 and an
increased investability weighting from
70.09588656288% to
81.914262690369%.
FTSE/JSE Mid Cap Index (J201) Nedbank Group Distribution Line will be 03 November 2021
added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Index (J203) Nedbank Group Distribution Line will be 03 November 2021
added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Large and Mid Cap Index Nedbank Group Distribution Line will be 03 November 2021
(J206) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Financial 15 Index Nedbank Group Distribution Line will be 03 November 2021
(J212) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Financial & Industrial 30 Nedbank Group Distribution Line will be 03 November 2021
Index (J213) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Equally Weighted Top 40 Nedbank Group Distribution Line will be 03 November 2021
Index (J2EQ) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Equally Weighted Nedbank Group Distribution Line will be 03 November 2021
Financial 15 Index (J4EQ) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Dividend+ Index (J259) Nedbank Group will remain in the index 10 November 2021
as detailed above.
FTSE/JSE RAFI All Share Index Nedbank Group Distribution Line will be 03 November 2021
(J263) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE RAFI All Share Capped Nedbank Group Distribution Line will be 03 November 2021
Index (J283) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Capped Top 40 Index Nedbank Group Distribution Line will be 03 November 2021
(J300) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Capped All Share Index Nedbank Group Distribution Line will be 03 November 2021
(J303) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Effective From
Index Change
Start of Trading
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Style Index (J330 and Nedbank Group Distribution Line will be 03 November 2021
J331) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE RAFI 40 Index (J260) Nedbank Group Distribution Line will be 03 November 2021
added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Responsible Investment Nedbank Group Distribution Line will be 03 November 2021
Top 30 Index (J110) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Top 40 Minimum Nedbank Group Distribution Line will be 03 November 2021
Variance Index (J700) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
FTSE/JSE All-Share Minimum Nedbank Group Distribution Line will be 03 November 2021
Variance Index (J703) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Comprehensive Nedbank Group Distribution Line will be 03 November 2021
Factor Index (J203CF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE All Share Yield Factor Nedbank Group Distribution Line will be 03 November 2021
Index (J203DF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
FTSE/JSE All Share Low Volatility Nedbank Group Distribution Line will be 03 November 2021
Focused Factor Index (J203LF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE All Share Momentum Nedbank Group Distribution Line will be 03 November 2021
Factor Index (J203MF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE All Share Quality Factor Nedbank Group Distribution Line will be 03 November 2021
Index (J203QF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Size Factor Nedbank Group Distribution Line will be 03 November 2021
Index (J203SF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE All Share Value Factor Nedbank Group Distribution Line will be 03 November 2021
Index (J203VF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE All Share Volatility Factor Nedbank Group Distribution Line will be 03 November 2021
Index (J203VOF) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Shareholder Weighted All Nedbank Group Distribution Line (South 03 November 2021
Share Index (J403) Africa, DUMMY0000008, BKV3N19) will
be added to the index with a shares in
issue total of 62,131,248* and an
investability weighting of
93.651522754477%
Old Mutual Ltd (South Africa,
ZAE000255360, BDVPYN5) will remain
in the index with an unchanged shares
in issue total of 4,708,553,649 and an
unchanged investability weighting of
93.651522754477%
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group (South Africa,
ZAE000004875, 6628008) will remain in
the index with an unchanged shares in
issue total of 508,870,678 and an
increased investability weighting from
70.09588656288% to
81.530394852305%.
Effective From
Index Change
Start of Trading
FTSE/JSE Capped Shareholder Nedbank Group Distribution Line will be 03 November 2021
Weighted All Share Index (J433) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Shareholder Weighted Nedbank Group Distribution Line will be 03 November 2021
Top 40 Index Index (J400) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Capped Shareholder Nedbank Group Distribution Line will be 03 November 2021
Weighted Top 40 Index (J430) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Shareholder Weighted Nedbank Group Distribution Line will be 03 November 2021
Financial 15 Index (JSZ2) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
FTSE/JSE Shareholder Weighted Nedbank Group Distribution Line will be 03 November 2021
Financial & Industrial 30 Index added to the index as detailed above.
(JSZ3)
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Responsible Investment Nedbank Group Distribution Line will be 03 November 2021
Index (J113) added to the index as detailed above.
Old Mutual Ltd will remain in the index
as detailed above.
Nedbank Group Distribution Line will be 10 November 2021
deleted from the index.
Nedbank Group will remain in the index
as detailed above.
*The Nedbank Group Distribution Line represents the value of the unbundling. The ICB classification for
the Nedbank Group Distribution Line will be 30301010 (Life Insurance).
**The number of shares of the Nedbank Group Distribution Line and the investability weight change for
Nedbank Group is based on the unbundling terms of 1.31954 Nedbank Group shares for every 100 Old
Mutual Ltd shares held.
Please note: The removal date of the Nedbank Group Distribution Line is based on the settlement date
of the unbundling being Monday 08 November 2021.
Effective Wednesday 03 November 2021:
A capital repayment will be applied to Old Mutual Ltd to reflect the value of the unbundling.
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:
Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617
JSE Limited +27 11 520 7000
Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za
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Date: 28-10-2021 05:30:00
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