Changes to the FTSE/ASE Index Series Ground Rules 15 June 2005 | |||||||||
At its meeting on 21 April the FTSE/ASE Indices Advisory Committee agreed two changes to the Ground Rules for the Management of the FTSE/ASE Index Series, concerning the calculation of shares in issue, and the eligibility requirements for existing and prospective FTSE/ASE Index constituents. 1. As of the next index review meeting in September, all constituents and prospective constituents must trade at least 20% of their shares in issue per annum, (an increase from the previous requirement of 10%), to be eligible for the FTSE/ASE Index Series. 2. The rules concerning the calculation of shares in issue figures for companies have been simplified. Shares in issue figures will now be those calculated as per ATHEX regulations. Therefore, effective from the date of the next review of constituents in September, the following new rules apply: Section 4.3(c) All securities must have traded at least 20% of their shares in issue, after the application of any free float restrictions, per annum. (In the case of eligible new securities, this requirement will be treated on a pro rata basis)". Section 8 8.1 For the purposes of computing the FTSE ASE Indices, the number of shares in issue for each constituent security is expressed to the nearest share. 8.2 If a constituent's corporate action requires a price and shares in issue adjustment according to the current ATHEX regulations, the change in the number of shares in issue will be applied simultaneously with the corporate action. 8.3 Any exceptions to the above arrangements will be agreed with the Chairman of the FTSE ASE Indices Advisory Committee and notified to all users in advance of implementation. 8.4 All adjustments are made before the start of the index calculation on the day concerned, unless market conditions prevent this. For index related enquiries or further information about FTSE/ASE indices please contact:
Or, email your enquiries to info@ftse.com or visit our website at www.ftse.com, or visit www.ase.gr | |||||||||
Terms of Use | Copyright © FTSE |
