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Informative Notice - 20180925 Review Timetable
FTSE/JSE Index Review Timetable – September 2018
13 August 2018
The FTSE/JSE Africa Index Series will be reviewed during September 2018. The review
timetable is as follows:
Event Date Description
Free Float and Shares 17 August 2018 Cut date to determine free float changes
In Issue Changes Cut in excess of 3% and cumulative shares in
Date issue changes in excess of 1%
Ranking Cut Date 27 August 2018 Market capitalisation snapshot for ranking
and selection purposes
Indicative Free Float 27 August 2018 Publication of the indicative free float
changes
Review ICA 05 September 2018 Review additions, deletions and weighting
changes published
FTSE/JSE AC Meeting 06 September 2018 FTSE/JSE Advisory Committee Meeting
Capping Cut Date 14 September 2018 Closing prices snapshot for portfolio factor
calculation
Portfolio Factors 17 September 2018 Publication of portfolio factors for capped,
equally weighted and fundamental
weighted indices
Effective Date 25 September 2018 Review changes applied from start of
trading
Cut-off date for New Information: Information available prior to the end of day on 17 August 2018 will be
considered when determining September’s shares and free float updates.
Shares and Float Files: The shares and float files will be released on 24 August 2018 (and will be available on
the FTSE/JSE website on 27 August 2018). Clients are welcome to query the data included within these files and
FTSE Russell will review appropriately. Any changes will be visible within the files which will be published daily
between 24 August and 07 September 2018. These files are strictly indicative until end of day on 07
September 2018 and are subject to daily changes.
The index review files will be released on 05 September 2018.
The shares and float files will be considered final on 07 September 2018.
Query Period: Clients are welcome to query the data visible within the files between 27 August 2018 and the end
of day on 07 September 2018.
Lock-Down Period: Effective start of trading on 10 September 2018, the scheduled changes will be “locked
down” across the FTSE Indexes, with no further corrections applied this quarter*.
*On occasion, egregious errors may be corrected during the lock-down period if an erroneous change will
compromise the replicability of the index or if the change places potential price pressure on the company.
Index Review effective Date: From start of trading on 25 September 2018, the quarterly changes will become
effective within the FTSE/JSE indexes.
Additional Clarifications
Suspended Stocks: Constituents which are suspended on 07 September 2018* will not have their scheduled
review changes implemented regardless of a resumption of trade prior to the review effective date. The scheduled
review changes will be implemented T+2 after the review effective date, at the earliest, upon resumption of trade.
If an active constituent suspends on or prior to 19 September 2018, the scheduled review changes will be
reversed and applied T+2 after the resumption of trade (T+2 after the review effective date, at the earliest). If a
suspension occurs on 20 September 2018 or 21 September 2018, the review changes will proceed as previously
communicated**.
*If there is a confirmed resumption of trade date which occurs prior to the review effective date, the review
changes will proceed as scheduled.
**in exceptional circumstances, it may be deemed necessary to reverse the review changes when a company
suspends on 20 or 21 September.
Equity Offerings: In accordance with standard methodology, primary and secondary offerings will continue to be
applied with two days’ notice when discovered after the review announcement date. However, offerings discovered
on, or would otherwise be implemented on, the Monday, Tuesday, and Wednesday prior to the review will
instead be implemented simultaneously in conjunction with the review effective date on 25 September 2018
(open). Offerings discovered on the Thursday and Friday prior to the review will be implemented with two days’
notice and therefore subsequent to the review.
Timetable Summary
Date Action
Friday 17 August Share and Float cut-off date
Friday 24 August to Friday 07 September Shares in issue and free float changes published
Wednesday 05 September The review files will be published.
Monday 27 August to Friday 07 September Query period
Monday 10 September Lock down period commences from the open
Tuesday 25 September Index review effective from the open
Should you require further information, please refer to the FTSE/JSE Ground Rules available
at the link below or contact the JSE on +27 11 520 7000 or info@jse.co.za
FTSE/JSE Ground Rules
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
Alternatively please visit our website at www.ftserussell.com
Terms of Use | Copyright © 2018 FTSE Russell
Date: 13/08/2018 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.
