Index Change Advice – 20190418 FTSE JSE Ground Rules Free Float Restrictions Update
FTSE/JSE Africa Index Series - Ground Rule Update
18 April 2019
FTSE/JSE would like to inform clients that the Free Float restrictions section of the Ground Rules has been
updated as shown below. This update is effective immediately.
4.3.1 Free float restrictions include:
Old Rule
** Free Float changes resulting from the expiry of a lock-in will be implemented at the next quarterly
review subsequent to there being a minimum of 20 business days between the lock-in expiry date and
the Tuesday before the first Friday of the review month. If the previously locked-in shares are sold by
way of a corporate event (such as a secondary offering), any change to the free float will be applied in
accordance with Rule 6.6.1.
New Rule
** Free Float changes resulting from the expiry of a lock-in will be implemented at the next quarterly
review subject to the lock-in expiry date occurring on or prior to the share and float change
information cut-off date. If the previously locked-in shares are sold by way of a corporate event (such
as a secondary offering), any change to the free float will be applied in accordance with Rule 6.6.1.
An updated copy of the FTSE/JSE Africa Index Series Ground Rules (v6.0) is now available on the JSE
website: https://www.jse.co.za/
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 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
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