GEN - FTSE/JSE Ground Rules - Treatment of shares previously classified as
JSE
GEN
GEN - FTSE/JSE Ground Rules - Treatment of shares previously classified as
inward listings
FTSE/JSE Africa Index Series
09 November 2011
Following the reclassification of inward-listed shares as domestic assets on 25
October 2011, and notification to the market, FTSE and the JSE announces a
change to the FTSE/JSE Index Series Ground Rules, which will be applied at the
December 2011 Quarterly Review. The review effective date is Monday, 19
December 2011.
In order to accommodate the condition set by National Treasury, these shares
will have their free float adjusted to exclude non-South African shareholdings.
This adjusted free float number will be used for all index related purposes,
including liquidity screening, minimum free float tests and weighting in market
capitalisation weighted indices.
This will require a change to section 4.3 of the Ground Rules, with the
introduction of rule 4.3.7:
New Rule
Any company classified as an inward-listed share by National Treasury on 24
October 2011 will have its free float adjusted to exclude non-South African
shareholdings. Any share listed after 24 October that is classified by National
Treasury as foreign for index purposes will have its free float adjusted to
exclude non-South African shareholdings.
FREE TRIAL OFFER: FTSE offers free one month index trials to interested clients.
For further information or general enquiries please contact us at info@ftse.com
or indices@jse.co.za or call:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in Europe, Middle East & Africa: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 314 1139
Client Services in Asia Pacific: Tel: +852 2164 3333 or +65 6223 3738 or +81 3
3581 2811
JSE Limited: Tel: (+27 11) 520 7106 or + (+27 11) 520 7137
Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
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Date: 10/11/2011 07:07:01 Produced by the JSE SENS Department.
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