Gen - FTSE/JSE Africa Index Series - ArcelorMittal (South Africa): Trading Halt
JSE
GEN
Gen - FTSE/JSE Africa Index Series - ArcelorMittal (South Africa): Trading Halt
ArcelorMittal (South Africa): Trading Halt
FTSE/JSE Africa Index Series
01 March 2010
The trading of ArcelorMittal (ACL) was halted at 12:00pm on 26 February 2010.
Ground rule 6.4.1 states the following:
6.4.1 Where a suspension of a constituent of the FTSE/JSE Top 40 Index
lasts beyond noon on the second trading day, the Secretary to the
FTSE/JSE Advisory Committee will convene a meeting of the
FTSE/JSE Advisory Committee (to be held, if possible, after
market hours on the second day or by teleconference) to consider
whether the constituent should be removed. When a stock has been
suspended for five consecutive trading days (and the Committee
has not exercised an earlier discretion to remove it), it will
normally be deleted from the Index on the sixth trading day.
As a result, FTSE and the JSE announces that ACL will remain in the indices
until announced otherwise. It is expected that the company will make a further
announcement on Wednesday, 3 March 2010.
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Date: 01/03/2010 10:11:04 Produced by the JSE SENS Department.
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