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Index Change Advice - 20180523 Unbundling of Mettle Investments from Tradehold Ltd
Tradehold (South Africa): Demerger of Mettle Investments (South Africa)
FTSE/JSE Africa Index Series
18 May 2018
Subject to the completion of the unbundling of Mettle Investments (South Africa, non constituent) from
Tradehold (South Africa, constituent) 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 Small Cap Index (J202) Mettle Investments (South Africa, 23 May 2018
ZAE000257622, BFMHXT3) will be added
to the index with a shares in issue total
of 247,092,926* and an investability
weighting of 23.3385847719493%.
Tradehold (South Africa, ZAE000152658,
6293473) will remain in the index with
an unchanged shares in issue total of
247,092,926 and an unchanged
investability weighting of
23.3385847719493%.
Mettle Investments (South Africa, 25 May 2018
ZAE000257622, BFMHXT3) will be
deleted from the index.**
FTSE/JSE All Share Index (J203) Mettle Investments will be added to the 23 May 2018
index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE Capped All Share Index Mettle Investments will be added to the 23 May 2018
(J303) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE Style Index (J330 and Mettle Investments will be added to the 23 May 2018
J331) index as detailed above.
Tradehold will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Share Comprehensive Mettle Investments will be added to the 23 May 2018
Factor Index (J203CF) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Share Low Volatility Mettle Investments will be added to the 23 May 2018
Focused Factor Index (J203LF) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Share Quality Factor Mettle Investments will be added to the 23 May 2018
Index (J203QF) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Share Size Factor Mettle Investments will be added to the 23 May 2018
Index (J203SF) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Share Value Factor Mettle Investments will be added to the 23 May 2018
Index (J203VF) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE Shareholder Weighted All Mettle Investments (South Africa, 23 May 2018
Share Index (J403) ZAE000257622, BFMHXT3) will be added
to the index with a shares in issue total
of 247,092,926* and an investability
weighting of 23.3385847719493%.
Tradehold (South Africa, ZAE000152658,
6293473) will remain in the index with
an unchanged shares in issue total of
247,092,926 and an unchanged
investability weighting of
23.3385847719493%.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Capped Shareholder Mettle Investments will be added to the 23 May 2018
Weighted All Share Index (J433) index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
FTSE/JSE All Property Index (J803) Mettle Investments will be added to the 23 May 2018
index as detailed above.
Tradehold will remain in the index as
detailed above.
Mettle Investments will be deleted from 25 May 2018
the index as detailed above.
*The number of shares is based on the unbundling terms of 1 Mettle Investments share for each
Tradehold share held.
Mettle Investments’ ICB classification upon listing will be 8633 (Real Estate Holding & Development).
**Mettle Investments will list on the Alternative Exchange of the JSE, with trading expected to
commence 23 May 2018. In line with the Corporate Actions and Events Guide on Spin-offs of an
Ineligible Security it will be deleted after two business days at market price.
The Value and Growth ratings for Mettle Investments within the FTSE/JSE Style Index will be as
follows:
Value: 0%, Growth: 100%.
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 7137
Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za
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