General SENS Submitter Company - Informative Notice 20231130 FTSE JSE Ground Rule Update Dividend Forecast Data

Informative Notice – 20231130 FTSE JSE Ground Rule Update Dividend Forecast Data

               FTSE JSE Africa Index Series: Ground Rule Update


                                           30 November 2023
FTSE Russell would like to inform clients of the following Ground Rule update to the FTSE JSE Africa
Index Series Ground Rules.

Appendix E – FTSE/JSE Dividend+ Index

Rule 14.3 has been updated to reflect that dividend yield data is sourced from Refinitiv as
shown below.

New Rule

14.3 Index data elements
    All data elements will be inherited from the FTSE/JSE Africa Index Series. The dividend yield data will be based
    on the one-year dividends per share forecast/estimates (excluding capital repayments and special dividends)
    sourced from Refinitiv. To be able to rank the review universe the one-year dividends per share
    forecast/estimates are divided by the underlying stock price at the review data cut-off date. The data will be
    obtained from the data provider on the cut-off date of the periodic review. In cases where no forecast exists
    for a current constituent, it will be removed from the index.
    The dividend yield of the index will be calculated according to the existing methodology for the FTSE/JSE Africa
    Index Series, which include event types of cash dividends (CD) and interest payments for loan stock (IT) as
    shown on the JSE corporate actions schedule.

Old Rule
14.3 Index data elements
    All data elements will be inherited from the FTSE/JSE Africa Index Series. The dividend yield data will be based
    on the one-year dividends per share forecast/estimates (excluding capital repayments and special dividends)
    sourced from INET BFA. To be able to rank the review universe the one-year dividends per share
    forecast/estimates are divided by the underlying stock price at the review data cut-off date. The data will be
    obtained from the data provider on the cut-off date of the periodic review. In cases where no forecast exists
    for a current constituent, it will be removed from the index.
    The dividend yield of the index will be calculated according to the existing methodology for the FTSE/JSE Africa
    Index Series, which include event types of cash dividends (CD) and interest payments for loan stock (IT) as
    shown on the JSE corporate actions schedule.


An updated copy of the FTSE JSE Africa Index Series Ground Rules (Version 8.4) is now available from
FTSE Russell: mailto:info@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 6441 1430
 London                 +44 (0) 20 7866 1810
 New York               +1866 551 0617




Alternatively please visit our website at www.ftserussell.com

                                      Terms of Use | Copyright © 2023 FTSE Russell

Date: 01-12-2023 07:30:00
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.