| Mon 2 Aug 2021, 17:05 | | Index Change Advice – 20210920 Review Timetable Informative Notice – September 2021 |
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Index Change Advice – 20210920 Review Timetable Informative Notice – September 2021
September 2021 Shares and Free Float Updates – Timetable
FTSE/JSE Index Series
02 August 2021
The FTSE/JSE Africa Index Series will be reviewed during September 2021. The review timetable is as follows:
Event Date Description
Free Float and Shares In 13 August 2021 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 23 August 2021 Market capitalisation snapshot for
ranking and selection purposes.
Indicative Free Float 23 August 2021 Publication of the indicative free
float changes.
Review ICA 01 September 2021 Review additions, deletions and
weighting changes published.
FTSE/JSE AC Meeting 02 September 2021 FTSE/JSE Advisory Committee
Meeting.
Capping Cut Date 10 September 2021 Closing prices snapshot for
portfolio factor calculation.
Portfolio Factors 13 September 2021* Publication of portfolio factors for
capped, equally weighted and
fundamental weighted indices.
Please See additional
clarification below.
Effective Date 20 September 2021 Review changes applied from start
of trading.
*Portfolio Factors Publication: Please note that a market notice was published on 30 April 2021 pertaining to the Final
Availability of FTSE/JSE Capping Factors on the JSE Website. The notice can be accessed here
Friday 13 August 2021: Cut-off date for new information. Information available prior to the end of day on 13
August 2021 will be considered when determining September’s shares and free float updates.
Friday 20 August 2021: The shares and float files will be released on 20 August 2021 (and will be available on the
FTSE/JSE website on 23 August 2021). 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 20
August and 03 September 2021. These files are strictly indicative until end of day on 03 September 2021 and are
subject to daily changes.
The FTSE/JSE Index Review files will be released on Wednesday 01 September 2021.
Friday 20 August to Friday 03 September 2021: Query period. Clients are welcome to query the data visible
within the files between 23 August 2021 and end of day on 3 September 2021.
The quarterly updates will be considered final at end of day on Friday 03 September 2021.
Monday 06 September 2021: Effective start of trading on 06 September 2021, 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 wit hin 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. Any 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 20 September 2021: From start of trading on 20 September 2021 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 03 September
2021* 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+5 after the review effective date, at the
earliest, upon resumption of trade.
If an active constituent suspends on or prior to Tuesday 14 September 2021, the scheduled review changes will be
reversed and applied T+5 after the resumption of trade (T+5 after the review effective date, at the earliest). If a
suspension occurs on 15 September, 16 September 2021 or 17 September 2021, the review changes will
proceed as previously communicated**.
*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 15, 16 or 17 September 2021.
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 20 September 2021 (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 13 August Shares and Float cut-off date
Friday 20 August to Friday 03 September Shares in issue and free float changes published
Wednesday 01 September The review files will be published.
Friday 20 August to Friday 03 September Query period
Monday 06 September Lock down period commences from the open
Monday 20 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 info@jse.co.za.
FTSE/JSE Ground Rules
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za 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
JSE Limited +27 11 520 7000
Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za
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Date: 02-08-2021 05:05:00
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