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GEN - FTSE/JSE Ground Rules - Treatment of shares previously classified as

Release Date: 10/11/2011 07:07
Code(s): JSE
Wrap Text

GEN - FTSE/JSE Ground Rules - Treatment of shares previously classified as inward listings FTSE/JSE Africa Index Series 09 November 2011 Following the reclassification of inward-listed shares as domestic assets on 25 October 2011, and notification to the market, FTSE and the JSE announces a change to the FTSE/JSE Index Series Ground Rules, which will be applied at the December 2011 Quarterly Review. The review effective date is Monday, 19 December 2011. In order to accommodate the condition set by National Treasury, these shares will have their free float adjusted to exclude non-South African shareholdings. This adjusted free float number will be used for all index related purposes, including liquidity screening, minimum free float tests and weighting in market capitalisation weighted indices. This will require a change to section 4.3 of the Ground Rules, with the introduction of rule 4.3.7: New Rule Any company classified as an inward-listed share by National Treasury on 24 October 2011 will have its free float adjusted to exclude non-South African shareholdings. Any share listed after 24 October that is classified by National Treasury as foreign for index purposes will have its free float adjusted to exclude non-South African shareholdings. FREE TRIAL OFFER: FTSE offers free one month index trials to interested clients. 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 Europe, Middle East & Africa: Tel: +44 (0) 20 7866 1810 Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 314 1139 Client Services in Asia Pacific: Tel: +852 2164 3333 or +65 6223 3738 or +81 3 3581 2811 JSE Limited: Tel: (+27 11) 520 7106 or + (+27 11) 520 7137 Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za Terms of Use | Copyright Copyright FTSE Date: 10/11/2011 07:07:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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