General SENS Submitter Company - Index Change Advice 20180925 FTSE JSE Ground Rules Free Float and All Share Eligibility

Index Change Advice – 20180925 FTSE JSE Ground Rules Free Float and All Share Eligibility

              FTSE JSE Africa Index Series - Ground Rule Update


                                        25 September 2018
FTSE/JSE would like to inform clients of the following Ground Rule update to the FTSE/JSE Africa Index
Series which is effective immediately.


Section 4: Index Construction

Removal of minimum free float rule and update to free float for companies eligible for the
FTSE/JSE All Share Index.

   ?   Rule 4.3.5 has been updated to remove the minimum free float – 5% to 15% rule.


   ?   Rule 4.3.7 has been updated to reflect that Foreign companies with a free float less than 5% are
       now eligible for index inclusion to the FTSE/JSE All Share Index if their investable market
       capitalisation is more than 1% of the FTSE/JSE Mid Cap Index. Foreign companies that are
       existing constituents of the FTSE/JSE All Share Index are only deleted as constituents if their
       investable market capitalisation falls below 0.5% of the Mid Cap Index.


Section 5: Periodic Review of Constituent Companies

Introduction of a minimum investable market capitalisation requirement for the FTSE/JSE All
Share Index.

   ?   Rule 5.3.4 has been updated to reflect the introduction of a minimum investable market
       capitalisation requirement for inclusion into the FTSE/JSE All Share Index. A company will be
       eligible for the FTSE/JSE All Share index provided the market capitalisation of its available float is
       1% or greater than the investable market capitalisation of the FTSE/JSE Small Cap Index on
       review cut date, and it qualifies in all other respects.
       A current constituent will be deleted from the FTSE/JSE All Share index should the investable
       market cap fall to 0.2% or below relative to the FTSE/JSE Small Cap index investable market
       capitalisation on review cut date.


An updated copy of the FTSE JSE Africa Index Series Ground Rules (v5.9) is now available on the FTSE
Russell website : www.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 3581 2764
 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

                                      Terms of Use | Copyright © 2018 FTSE Russell

Date: 25/09/2018 05:10:00 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.