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Index Change Advice – 20220526 Investec Ltd and Plc Unbundling of Ninety One Ltd and Plc UPDATED
Investec Ltd and Investec Plc (South Africa): Unbundling of Ninety One
Ltd and Ninety One Plc (South Africa)
FTSE/JSE Africa Index Series Updated
Update: Index clients who hold Investec plc on the South African Share Register receive
Ninety One Ltd shares as a result of the unbundling and not Ninety One Plc shares.
Consequently, the index dummy line representing the Investec plc distribution
(DUMMY0000014) is amended to reference Ninety One Ltd
23 May 2022
Subject to the completion of the unbundling of Ninety One Ltd (South Africa, constituent) shares to
Investec Ltd (South Africa, constituent) shareholders and Ninety One Plc (South Africa, constituent)
shares to Investec Plc (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) Ninety One Ltd Distribution line (South 26 May 2022
Africa, BKVDVV5, DUMMY0000013) will
be added to the index with a shares in
issue total of 43,852,586* and an
investability weighting of
89.299999957041%.
Ninety One Plc Ltd (via Investec Plc)
Distribution line (South Africa,
BKVDVW6, DUMMY0000014) will be
added to the index with a shares in
issue total of 95,718,320* and an
investability weighting of
95.854168707313%.
Investec Ltd (South Africa, B17BBR6,
ZAE000081949) will remain in the index
with an unchanged shares in issue
total of 318,904,709 and an
unchanged investability weighting of
89.299999957041%.
Investec Plc (South Africa, B1DHG40,
GB00B17BBQ50) will remain in the
index with an unchanged shares in
issue total of 696,082,618 and an
unchanged investability weighting of
95.854168707313000%.
Effective From
Index Change
Start of Trading
FTSE/JSE Mid Cap Index (J201) Ninety One Ltd Distribution line will be 26 May 2022
added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Index (J203) Ninety One Ltd Distribution line will be 26 May 2022
added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Large and Mid Cap Index Ninety One Ltd Distribution line will be 26 May 2022
(J206) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Financial 15 Index Ninety One Ltd Distribution line will be 26 May 2022
(J212) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Financial & Industrial 30 Ninety One Ltd Distribution line will be 26 May 2022
Index (J213) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Equally Weighted Top 40 Ninety One Ltd Distribution line will be 26 May 2022
Index (J2EQ) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Equally Weighted Ninety One Ltd Distribution line will be 26 May 2022
Financial 15 Index (J4EQ) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE RAFI All Share Index Ninety One Ltd Distribution line will be 26 May 2022
(J263) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE RAFI All Share Capped Ninety One Ltd Distribution line will be 26 May 2022
Index (J283) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Capped Top 40 Index Ninety One Ltd Distribution line will be 26 May 2022
(J300) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Capped All Share Index Ninety One Ltd Distribution line will be 26 May 2022
(J303) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Style Index (J330 and Ninety One Ltd Distribution line will be 26 May 2022
J331) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE RAFI 40 Index (J260) Ninety One Ltd Distribution line will be 26 May 2022
added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Comprehensive Ninety One Ltd Distribution line will be 26 May 2022
Factor Index (J203CF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Yield Factor Ninety One Ltd Distribution line will be 26 May 2022
Index (J203DF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Low Volatility Ninety One Ltd Distribution line will be 26 May 2022
Focused Factor Index (J203LF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Momentum Ninety One Ltd Distribution line will be 26 May 2022
Factor Index (J203MF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Quality Factor Ninety One Ltd Distribution line will be 26 May 2022
Index (J203QF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Size Factor Ninety One Ltd Distribution line will be 26 May 2022
Index (J203SF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE All Share Value Factor Ninety One Ltd Distribution line will be 26 May 2022
Index (J203VF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE All Share Volatility Factor Ninety One Ltd Distribution line will be 26 May 2022
Index (J203VOF) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted All Ninety One Ltd Distribution line (South 26 May 2022
Share Index (J403) Africa, BKVDVV5) will be added to the
index with a shares in issue total of
43,852,586* and an investability
weighting of 89.299999957041%.
Ninety One Plc Ltd (via Investec Plc)
Distribution line (South Africa,
BKVDVW6) will be added to the index
with a shares in issue total of
95,718,320* and an investability
weighting of 50.465211300536%.
Investec Ltd (South Africa, B17BBR6)
will remain in the index with an
unchanged shares in issue total of
318,904,709 and an unchanged
investability weighting of
89.299999957041%.
Investec Plc (South Africa, B1DHG40)
will remain in the index with an
unchanged shares in issue total of
696,082,618 and an unchanged
investability weighting of
50.465211300536%.
FTSE/JSE Capped Shareholder Ninety One Ltd Distribution line will be 26 May 2022
Weighted All Share Index (J433) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Shareholder Weighted Ninety One Ltd Distribution line will be 26 May 2022
Top 40 Index Index (J400) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Capped Shareholder Ninety One Ltd Distribution line will be 26 May 2022
Weighted Top 40 Index (J430) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted Ninety One Ltd Distribution line will be 26 May 2022
Financial 15 Index (JSZ2) added to the index as detailed above.
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted Ninety One Ltd Distribution line will be 26 May 2022
Financial & Industrial 30 Index added to the index as detailed above.
(JSZ3)
Ninety One Plc Ltd (via Investec Plc)
Distribution line will be added to the
index as detailed above.
Investec Ltd will remain in the index as
detailed above.
Investec Plc will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Responsible Investment Ninety One Ltd Distribution line will be 26 May 2022
Index (J113) added to the index as detailed above.
Investec Ltd will remain in the index as
detailed above.
* The number of shares and investability weighting change is based on the unbundling terms of
0.13751 Ninety One Ltd shares for each Investec Ltd share, and 0.13751 Ninety One Plc shares for
each Investec Plc share.
Effective Thursday 26 May 2022:
A capital repayment will be applied to Investec Ltd and Investec Plc to reflect the value of the
unbundling, which is represented by the distribution lines, added with an ICB classification of
30101010 (Banks).
A follow up notice will be published regarding the index treatment for deletion of the dummy
lines.
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:
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Date: 27-05-2022 03:34:00
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