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Index Change Advice – 20190227 Naspers Unbundling of MultiChoice Group
Naspers (South Africa): Unbundling of MultiChoice Group (South Africa)
FTSE/JSE Africa Index Series
22 February 2019
Subject to the completion of the unbundling of MultiChoice Group (South Africa, non-constituent) from
Naspers (South Africa, constituent) and following notification from the Stock Exchange, please see details
of affected indexes and effective dates below:
Effective From
Index Change
Start of Trading
FTSE/JSE Top 40 Index (J200) MultiChoice Group (South Africa, 27 February 2019
ZAE000265971, BHZSKR4) will be added
to the index with a shares in issue total
of 438,656,059* and an investability
weighting of 97.030000217095%.
Naspers (South Africa, ZAE000015889,
6622691) will remain in the index with
an unchanged shares in issue total of
438,656,059 and an unchanged
investability weighting of
97.030000217095%.
FTSE/JSE All Share Index (J203) MultiChoice Group will be added to the 27 February 2019
index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Large Cap Index (J205) MultiChoice Group will be added to the 27 February 2019
index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Large and Mid Cap Index MultiChoice Group will be added to the 27 February 2019
(J206) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Industrial 25 Index MultiChoice Group will be added to the 27 February 2019
(J211) index as detailed above.
Naspers will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Capped Industrial 25 MultiChoice Group will be added to the 27 February 2019
Index (J311) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Financial & Industrial 30 MultiChoice Group will be added to the 27 February 2019
Index (J213) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Equally Weighted Top 40 MultiChoice Group will be added to the 27 February 2019
Index (J2EQ) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Equally Weighted MultiChoice Group will be added to the 27 February 2019
Industrial 25 Index (J5EQ) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE RAFI All Share Index MultiChoice Group will be added to the 27 February 2019
(J263) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE RAFI All Share Capped MultiChoice Group will be added to the 27 February 2019
Index (J283) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Capped Top 40 Index MultiChoice Group will be added to the 27 February 2019
(J300) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Capped All Share Index MultiChoice Group will be added to the 27 February 2019
(J303) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Style Index (J330 and MultiChoice Group will be added to the 27 February 2019
J331) index as detailed above.
Naspers will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE RAFI 40 Index (J260) MultiChoice Group will be added to the 27 February 2019
index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Top 40 Minimum Variance MultiChoice Group will be added to the 27 February 2019
Index (J700) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All-Share Minimum MultiChoice Group will be added to the 27 February 2019
Variance Index (J703) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Comprehensive MultiChoice Group will be added to the 27 February 2019
Factor Index (J203CF) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Momentum MultiChoice Group will be added to the 27 February 2019
Factor Index (J203MF) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Quality Factor MultiChoice Group will be added to the 27 February 2019
Index (J203QF) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Size Factor MultiChoice Group will be added to the 27 February 2019
Index (J203SF) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Value Factor MultiChoice Group will be added to the 27 February 2019
Index (J203VF) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE All Share Volatility Factor MultiChoice Group will be added to the 27 February 2019
Index (J203VOF) index as detailed above.
Naspers will remain in the index as
detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE Shareholder Weighted All MultiChoice Group (South Africa, 27 February 2019
Share Index (J403) ZAE000265971, BHZSKR4) will be added
to the index with a shares in issue total
of 438,656,059* and an investability
weighting of 97.030000217095%.
Naspers (South Africa, ZAE000015889,
6622691) will remain in the index with
an unchanged shares in issue total of
438,656,059 and an unchanged
investability weighting of
97.030000217095%.
FTSE/JSE Capped Shareholder MultiChoice Group will be added to the 27 February 2019
Weighted All Share Index (J433) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019
Top 40 Index (J400) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Capped Shareholder MultiChoice Group will be added to the 27 February 2019
Weighted Top 40 Index (J430) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019
Industrial 25 Index (JSZ1) index as detailed above.
Naspers will remain in the index as
detailed above.
FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019
Financial & Industrial 30 Index index as detailed above.
(JSZ3)
Naspers will remain in the index as
detailed above.
FTSE/JSE Responsible Investment MultiChoice Group will be added to the 27 February 2019
Index (J113) index as detailed above.
Naspers will remain in the index as
detailed above.
*The number of shares is based on the unbundling terms of 1 MultiChoice Group share for each Naspers
share held.
The ICB classification for MultiChoice Group will be 5553 (Broadcasting and Entertainment) upon listing.
The ICB classification for Naspers will be updated to 9535 (Internet), effective 1 March 2019.
MultiChoice Group will list on the Main Board of the JSE, with trading expected to commence 27 February
2019.
The Value and Growth rating for MultiChoice Group within the FTSE/JSE Style Index are as follows:
Value: 0%, Growth: 100%.
Please note: FTSE/JSE will issue a further notice detailing any stocks to be removed from fixed
indexes as a result of the unbundling, based on closing prices as of Wednesday 27 February 2019. The
index changes will be effective from the open of Friday 1 March 2019.
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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