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General SENS Submitter Company - 20200921 Review Timetable Informative Notice - September 2020

Release Date: 07/08/2020 17:31
Code(s): GSSC     PDF:  
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20200921 Review Timetable Informative Notice - September 2020

          September 2020 Shares and Free Float Updates – Timetable

                                                   FTSE/JSE Index Series

                                                            07 August 2020
The FTSE/JSE Africa Index Series will be reviewed during September 2020. The review timetable is as follows:

 Event                                                Date                                      Description
 Free Float and Shares In                             14 August 2020                            Cut date to determine free float
 Issue Changes Cut Date                                                                         changes in excess of 3% and
                                                                                                cumulative shares in issue changes
                                                                                                in excess of 1%.
 Ranking Cut Date                                     24 August 2020                            Market capitalisation snapshot for
                                                                                                ranking and selection purposes.
 Indicative Free Float                                24 August 2020                            Publication of the indicative free
                                                                                                float changes.
 Review ICA                                           02 September 2020                         Review additions, deletions and
                                                                                                weighting changes published.
 FTSE/JSE AC Meeting                                  03 September 2020                         FTSE/JSE      Advisory   Committee
 Capping Cut Date                                     11 September 2020                         Closing prices snapshot for portfolio
                                                                                                factor calculation.
 Portfolio Factors                                    14 September 2020                         Publication of portfolio factors for
                                                                                                capped, equally weighted and
                                                                                                fundamental weighted indices.
 Effective Date                                       21 September 2020                         Review changes applied from start
                                                                                                of trading.
Friday 14 August 2020: Cut-off date for new information. Information available prior to the end of day on 14
August 2020 will be considered when determining September’s shares and free float updates.

Friday 21 August 2020: The shares and float files will be released on 21 August 2020 (and will be available on the
FTSE/JSE website on 24 August 2020). Clients are welcome to query the data included within these files and FTSE
Russell will review appropriately. Any changes will be visible within the files which will be published daily between 21
August and 04 September 2020. These files are strictly indicative until end of day on 04 September 2020 and are
subject to daily changes.

The FTSE/JSE Index Review files will be released on Wednesday 02 September 2020.

Friday 21 August to Friday 04 September 2020: Query period. Clients are welcome to query the data visible
within the files between 24 August 2020 and end of day on 04 September 2020.

The quarterly updates will be considered final at end of day on Friday 04 September 2020.

Monday 07 September 2020: Effective start of trading on 07 September 2020, the scheduled changes will be
“locked down” across the FTSE/JSE Indexes, with no further corrections applied this quarter*.
*During the quarterly review / annual reconstitution lock-down period, FTSE Russell will generally avoid implementing corrections to ensure stability during
the period prior to the review / reconstitution implementation. However egregious shares and free float errors discovered within the lock-down period or during
the week following the review / reconstitution may be corrected if an erroneous change compromises the replicability of the index OR if the change places
potential price pressure on the company OR if there is a material error of 50% or greater (relative) to index shares. An y corrections during the lock-down
period or the week following the review will be implemented with appropriate notice. All other shares and free float errors will be corrected at the following
quarterly index review.

Monday 21 September 2020: From start of trading on 21 September 2020 the quarterly changes will become
effective within the FTSE/JSE Indexes.
   Additional Clarifications

   Stocks Suspended during the Review Period: Constituents which are suspended on Friday 04 September 2020*
   will not have their scheduled review changes implemented regardless of a resumption of trade prior to the review
   effective date. The scheduled review changes will be implemented T+2 after the review effective date, at the earliest,
   upon resumption of trade.

   If an active constituent suspends on or prior to Wednesday 16 September 2020, the scheduled review changes will
   be reversed and applied T+2 after the resumption of trade (T+2 after the review effective date, at the earliest). If a
   suspension occurs on 17 September 2020 or 18 September 2020, the review changes will proceed as previously
   *If there is a confirmed resumption of trade date which occurs prior to the review effective date, the review changes
   will proceed as scheduled.
   **in exceptional circumstances, it may be deemed necessary to reverse the review changes when a company suspends
   on 17 or 18 September 2020.

   Long Term Suspended Stocks: Constituents that have been suspended for 60 or more days on or before Friday 21
   August 2020, will be deleted from the index in conjunction with the index review (at zero price). However, if the
   constituent subsequently resumes trading on or prior to Friday 04 September 2020 the deletion will be rescinded
   and the constituent will remain within the index if otherwise eligible. If the constituent resumes trading on or after 07
   September 2020, it will still be removed in conjunction with the review (at market price if an active replicable market
   exists – otherwise it will be removed at zero).

   Equity Offerings: In accordance with standard methodology, primary and secondary offerings will continue to be
   applied with two days’ notice when discovered after the review announcement date. However, offerings which would
   ordinarily become effective at the open on the Tuesday - Friday prior to the review will instead be implemented
   simultaneously in conjunction with the review effective date on 21 September 2020 (open). Offerings discovered on
   the Thursday and Friday prior to the review will be implemented with two days’ notice and therefore subsequent to
   the review.

   Timetable Summary

    Date                                                              Action
    Friday 14 August                                                  Shares and Float cut-off date
    Friday 21 August to Friday 04 September                           Shares in issue and free float changes published
    Wednesday 02 September                                            The review files will be published.
    Friday 21 August to Friday 04 September                           Query period
    Monday 07 September                                               Lock down period commences from the open
    Monday 21 September                                               Index review effective from the open

   Should you require further information, please refer to the FTSE/JSE Ground Rules available at the link below or
   contact the JSE on +27 11 520 7000 or

   FTSE/JSE Ground Rules

For further information please contact FTSE Russell Client Services at 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

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Date: 07-08-2020 05:31:00
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