General SENS Submitter Company - Index Change Advice 20190802 FTSE JSE Ground Rules Instrument Eligibility

Index Change Advice – 20190802 FTSE JSE Ground Rules Instrument Eligibility

               FTSE/JSE Africa Index Series - Ground Rule Update


                                          2 August 2019
FTSE Russell would like to inform clients of the following update to the FTSE/JSE Africa Index Series
which is effective from the September 2019 index review:

Section 5: Periodic Review of Constituent Companies

5.3     Rules for Insertion and Deletion at the Review

FTSE Russell will reduce the eligibility hurdle from 1% to 0.5% for the FTSE/JSE All Share Index as
shown in the updated Ground Rule below.


New Rule

5.3.4 Minimum Investable Market Capitalisation Requirement for the FTSE/JSE All Share
Index
      An instrument will be eligible for the FTSE/JSE All Share index provided the market capitalisation
      of its available float is 0.5% or greater than the investable market capitalisation of the FTSE/JSE
      Small Cap Index on review cut date, and it qualifies in all other respects.
      A current constituent will be deleted from the FTSE/JSE All Share index should its investable
      market cap fall to 0.2% or below relative to the FTSE/JSE Small Cap index investable market
      capitalisation on review cut date.


Current Rule

5.3.4 Minimum Investable Market Capitalisation Requirement for the FTSE/JSE All Share
Index
      An instrument will be eligible for the FTSE/JSE All Share index provided the market capitalisation
      of its available float is 1% or greater than the investable market capitalisation of the FTSE/JSE
      Small Cap Index on review cut date (as described in Rule 5.1.1), and it qualifies in all other
      respects. Instruments meeting this criteria will be ranked in accordance with Rule 5.3.5.
      Instruments failing this criteria will not be eligible for the FTSE/JSE All Share Index.
      A current constituent will be deleted from the FTSE/JSE All Share index should the investable
      market cap fall to 0.2% or below relative to the FTSE/JSE Small Cap index investable market
      capitalisation on review cut date.

An updated copy of the FTSE/JSE Africa Index Series Ground Rules (v6.4) is now available.

Or on the FTSE Russell website: www.ftserussell.com
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

                                      Terms of Use | Copyright © 2019 FTSE Russell

Date: 02/08/2019 05:40:00
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.