Index Change Advice – 20200327 FTSE JSE Ground Rules Update
FTSE/JSE Africa Index Series - Ground Rule Update
27 March 2020
FTSE Russell would like to inform clients of the following updates to the FTSE/JSE Africa Index Series
which are effective immediately
Section 4: Free Float
Rule 4.3 has been updated to include the following:
All shares where the holder has a stated incentive to retain the shares (e.g. bonus shares paid if holding
is retained for a set period of time).*
* Free Float changes resulting from the expiry of a lock-in or incentive will be implemented at the next
quarterly review subject to the lock-in or incentive 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.
The Ground Rules have also been updated to include new ICB sector names and codes - FTSE indexes will
migrate to the new ICB classification system in September 2020.
An updated copy of the FTSE/JSE Africa Index Series Ground Rules (v6.6) is now available using the
following link: FTSE_JSE_Africa_Index_Series_new.pdf
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
Alternatively please visit our website at www.ftserussell.com
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Date: 27-03-2020 05:05:00
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