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Index Change Advice - 20120912 FTSE/JSE Free Float Methodology Change
FTSE/JSE Free Float Methodology Change
12 September 2012
Following the announcement published by FTSE on 18 June 2012 outlining the adoption
of actual free float in the FTSE UK Index Series and the decision to use actual free float
(rounded up to the next 1%) in all other float-weighted FTSE Indices (including the FTSE
Global Equity Index Series) with effect from March 2013, FTSE/JSE announces that
actual free float (rounded up to the next 1%) figures will be used in the FTSE/JSE Africa
Index Series from March 2013.
To ensure transparency in the free float figures that will be used in the FTSE/JSE Africa
Index Series, FTSE/JSE proposes to make indicative free floats available in advance to
subscribing clients. Indicative free float figures will be published in October 2012.
Following their initial publication indicative free float numbers may be revised in the
period up to and including 30 December 2012. The final confirmed actual free float
numbers will be published on 31 December 2012 at which point no further revisions will
be made (other than as a direct result of corporate actions).
Updates made to the indicative figures in response to information received following
their publication will be made at regular intervals to subscribing clients.
At initial implementation, the free float of index constituents will move to actual float
(rounded up to the nearest 1%) unless the actual float is within a 3% buffer of the
constituent’s current banded float. Following initial implementation, changes to floats
between reviews will be made in response to corporate events, secondary offerings or
significant changes to shares in issue.
All other changes to free float will be made at the quarterly reviews if the revised float is
more than 3% from the current figure.
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 & Tel: +44 (0) 20 7866 1810
Africa:
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
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Date: 12/09/2012 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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