Wrap Text
Index Change Advice - 20220420 Rand Merchant Investment Unbundling of Discovery and Momentum
Rand Merchant Investment Holdings Ltd (South Africa): Unbundling of
Discovery Ltd (South Africa) & Momentum Metropolitan Holdings (South
Africa)
FTSE/JSE Africa Index Series
13 April 2022
Subject to the completion of the unbundling of Discovery Ltd (South Africa, constituent) & Momentum
Metropolitan Holdings (South Africa, constituent) shares to Rand Merchant Investment Holdings Ltd
(South Africa, constituent) shareholders, please see details of affected indexes and effective dates below:
Effective From
Index Change
Start of Trading
FTSE/JSE Top 40 Index (J200) Discovery Ltd (South Africa, 29 April 2022
ZAE000022331, 6177878) will remain in
the index with an unchanged shares in
issue total of 665,768,601 and an
increased investability weighting of
73.613793515807%**.
FTSE/JSE Mid Cap Index (J201) Discovery Ltd Distribution Line* (South 20 April 2022
Africa, DUMMY0000010, BKVDVP9) will
be added to the index with a shares in
issue total of 167,242,619** and an
investability weighting of
48.8999999654%.
Momentum Metropolitan Holdings
Distribution Line* (South Africa,
DUMMY0000011, BKV3NB9) will be
added to the index with a shares in
issue total of 401,048,106*** and an
investability weighting of
48.8999999654%.
Rand Merchant Investment Holdings Ltd
(South Africa, BYX3N48) will remain in
the index with an unchanged shares in
issue total of 1,531,807,770 and an
unchanged investability weighting of
48.8999999654%.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Momentum Metropolitan Holdings
(South Africa, ZAE000269890,
BK9S758) will remain in the index with
an unchanged shares in issue total of
1,497,475,356 and an increased
investability weighting of
80.796210491710%***.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Index (J203) Discovery Ltd Distribution Line will be 20 April 2022
added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Large Cap Index (J205) Discovery Ltd will remain in the index as 29 April 2022
detailed above.
FTSE/JSE Large and Mid Cap Index Discovery Ltd Distribution Line will be 20 April 2022
(J206) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Financial 15 Index Discovery Ltd Distribution Line will be 20 April 2022
(J212) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Financial & Industrial 30 Discovery Ltd will remain in the index as 29 April 2022
Index (J213) detailed above.
FTSE/JSE Equally Weighted Top 40 Discovery Ltd will remain in the index as 29 April 2022
Index (J2EQ) detailed above.
FTSE/JSE Equally Weighted Discovery Ltd Distribution Line will be 20 April 2022
Financial 15 Index (J4EQ) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE RAFI All Share Index Discovery Ltd Distribution Line will be 20 April 2022
(J263) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE RAFI All Share Capped Discovery Ltd Distribution Line will be 20 April 2022
Index (J283) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Capped Top 40 Index Discovery Ltd will remain in the index as 29 April 2022
(J300) detailed above.
FTSE/JSE Capped All Share Index Discovery Ltd Distribution Line will be 20 April 2022
(J303) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Style Index (J330 and Discovery Ltd Distribution Line will be 20 April 2022
J331) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE RAFI 40 Index (J260) Discovery Ltd will remain in the index as 29 April 2022
detailed above.
FTSE/JSE All-Share Minimum Discovery Ltd Distribution Line will be 20 April 2022
Variance Index (J703) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Comprehensive Discovery Ltd Distribution Line will be 20 April 2022
Factor Index (J203CF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Yield Factor Discovery Ltd Distribution Line will be 20 April 2022
Index (J203DF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Low Volatility Discovery Ltd Distribution Line will be 20 April 2022
Focused Factor Index (J203LF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Momentum Discovery Ltd Distribution Line will be 20 April 2022
Factor Index (J203MF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Quality Factor Discovery Ltd Distribution Line will be 20 April 2022
Index (J203QF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Size Factor Discovery Ltd Distribution Line will be 20 April 2022
Index (J203SF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Value Factor Discovery Ltd Distribution Line will be 20 April 2022
Index (J203VF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE All Share Volatility Factor Discovery Ltd Distribution Line will be 20 April 2022
Index (J203VOF) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
FTSE/JSE Shareholder Weighted All Discovery Ltd Distribution Line (South 20 April 2022
Share Index (J403) Africa, DUMMY0000010, BKVDVP9) will
be added to the index with a shares in
issue total of 167,242,619* and an
investability weighting of
48.8999999654%.
Momentum Metropolitan Holdings
Distribution Line (South Africa,
DUMMY0000011, BKV3NB9) will be
added to the index with a shares in
issue total of 401,048,106* and an
investability weighting of
48.8999999654%.
Rand Merchant Investment Holdings Ltd
(South Africa, BYX3N48) will remain in
the index with an unchanged shares in
issue total of 1,531,807,770 and an
unchanged investability weighting of
48.8999999654%.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd (South Africa,
ZAE000022331, 6177878) will remain in
the index with an unchanged shares in
issue total of 665,768,601 and an
increased investability weighting of
73.613793515807%**.
Momentum Metropolitan Holdings
(South Africa, ZAE000269890,
BK9S758) will remain in the index with
an unchanged shares in issue total of
1,497,475,356 and an increased
investability weighting of
80.796210491710%***.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Capped Shareholder Discovery Ltd Distribution Line will be 20 April 2022
Weighted All Share Index (J433) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Effective From
Index Change
Start of Trading
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Shareholder Weighted Discovery Ltd will remain in the index as 29 April 2022
Top 40 Index (J400) detailed above.
FTSE/JSE Capped Shareholder Discovery Ltd will remain in the index as 29 April 2022
Weighted Top 40 Index (J430) detailed above.
FTSE/JSE Shareholder Weighted Discovery Ltd Distribution Line will be 20 April 2022
Financial 15 Index (JSZ2) added to the index as detailed above.
Momentum Metropolitan Holdings
Distribution Line will be added to the
index as detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
Discovery Ltd Distribution Line will be 29 April 2022
deleted from the index.
Momentum Metropolitan Holdings
Distribution Line will be deleted from the
index.
Discovery Ltd will remain in the index as
detailed above.
Rand Merchant Investment Holdings Ltd
will remain in the index as detailed
above.
FTSE/JSE Shareholder Weighted Discovery Ltd will remain in the index as 29 April 2022
Financial & Industrial 30 Index detailed above.
(JSZ3)
FTSE/JSE Responsible Investment Discovery Ltd will remain in the index as 29 April 2022
Index (J113) detailed above.
Momentum Metropolitan Holdings will
remain in the index as detailed above.
*The Discovery Ltd Distribution Line & Momentum Metropolitan Holdings Distribution Line represent the
value of the unbundling. The ICB Classification for both the Discovery Ltd Distribution Line & Momentum
Metropolitan Holdings Distribution Line will be 30202000 (Diversified Financial Services).
**The number of shares of the Discovery Ltd Distribution Line and the investability weight change for
Discovery Ltd is based on the unbundling terms of 10.91799 Discovery Ltd shares for every 100 Rand
Merchant Investment Holdings shares held.
***The number of shares of the Momentum Metropolitan Holdings Distribution Line and the investability
weight change for Momentum Metropolitan Holdings is based on the unbundling terms of 26.18136
Momentum Metropolitan Holdings shares for every 100 Rand Merchant Investment Holdings shares held.
Please note: The removal date of the Discovery Ltd Distribution Line & Momentum Metropolitan Holdings
Distribution Line is based on the settlement date of the unbundling being Monday 25 April 2022, whilst
factoring in the JSE Market holiday on Wednesday 27 April 2022.
Effective Wednesday 20 April 2022:
A capital repayment will be applied to Rand Merchant Investment Holdings to reflect the value of the
unbundling alongside the special dividend of ZAR 1.42 Ex on Wednesday 20 April 2022.
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 7000
Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za
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Date: 13-04-2022 05:30:00
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