To view the PDF file, sign up for a MySharenet subscription.

General SENS Submitter Company - Informative Notice 20180319 Review Timetable Informative Notice

Release Date: 19/01/2018 17:05
Code(s): GSSC     PDF:  
Wrap Text
Informative Notice – 20180319 Review Timetable Informative Notice

                    FTSE/JSE Index Review Timetable – March 2018

                                                19 January 2018
The FTSE/JSE Africa Index Series will be reviewed during March 2018. The review timetable is
as follows:

 Event                              Date                         Description
 Free Float and Shares               14 February 2018            Cut date to determine free float changes in
 In Issue Changes Cut                                            excess of 3% and cumulative shares in
 Date                                                            issue changes in excess of 1%

 Ranking Cut Date                    19 February 2018            Market capitalisation snapshot for ranking
                                                                 and selection purposes

 Indicative Free Float               22 February 2018            Publication of the indicative free float
                                                                 changes
 Review ICA                          28 February 2018            Review additions, deletions and weighting
                                                                 changes published

 FTSE/JSE AC Meeting                    1 March 2018             FTSE/JSE Advisory Committee Meeting

 Capping Cut Date                       9 March 2018             Closing prices snapshot for portfolio factor
                                                                 calculation

 Portfolio Factors                     12 March 2018             Publication of portfolio factors for capped,
                                                                 equally    weighted      and    fundamental
                                                                 weighted indices

 Effective Date                        19 March 2018             Review changes           applied     from     start    of
                                                                 trading


Please note: The March 2018 quarterly shares and free float updates will be implemented in accordance with the below
timetable:

Cut-off date for New Information: Information available prior to the end of day on 14 February 2018 will be
considered when determining March’s shares and free float updates. Due to the shorter month and the February 2018
calendar, the second Wednesday of February will serve as the cut-off this quarter.

Shares and Float Files: The indicative shares and float files will be released by FTSE Russell on 21 February 2018
(and wil be available on the FTSE/JSE website on 22 February 2018). 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 21 February and 02 March 2018 - although no supplementary notification will be provided
(i.e. any changes from the previous day’s file will not be highlighted). These files are strictly indicative until 02 March
2018 and are subject to daily changes.

Please note: the daily publication of the files without supplementary information (i.e. the changes from the previous
iteration) is intended to be temporary and is under review. Further updates to the deliverable will be announced in
due course.

The review files will be released on 28 February 2018.

The shares and float files will be considered final on 02 March 2018.
Query Period: Clients are welcome to query the share and free float data visible within the indicative files and the
final files between 21 February 2018 and the end of day on 02 March 2018. Any corrections to the final shares and
float files will result in a restatement of the final files with an accompanying notice that will communicate the precise
changes.

Lock-Down Period: Effective start of trading on 05 March 2018, the scheduled shares and free float changes will be
“locked down” across the FTSE Indexes, with no further corrections applied this quarter*.
*on occasion, egregious errors may be corrected during the lock-down period if an erroneous change will compromise the replicability
of the index or if the change places potential price pressure on the company.

Index Review effective Date: from start of trading on 19 March 2018, the quarterly share and free float updates
will become effective within the FTSE indexes.

Additional Clarifications

Suspended Stocks: Constituents which are suspended on 02 March 2018 will not have their scheduled review
changes implemented regardless of a resumption of trade prior to the review effective date (any reversals will be
communicated on 05 March 2018). The scheduled review changes will be implemented T+2 after the review effective
date, at the earliest, upon resumption of trade.

If an active constituent suspends on or prior to 14 March 2018, the scheduled review changes will be reversed (the
final reversals will be communicated on 15 March 2018) and applied T+2 after the resumption of trade. If a
suspension occurs on 15 March 2018 or 16 March 2018, the review changes will proceed as previously
communicated*.
*in exceptional circumstances, it may be deemed necessary to reverse the review changes when a company suspends on March 15 or
16.

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 discovered
on, or would otherwise be implemented on, the Monday, Tuesday, and Wednesday prior to the review will instead
be implemented simultaneously in conjunction with the review effective date on 19 March 2018 (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; i.e. primary and secondary offerings will not be implemented to the FTSE indexes during the
week leading up to the review.



Timetable Summary

 Date                                                           Action
 Wednesday 14 March                                             Share and Float cut-off date
 Wednesday 21 February to Friday 02 March                       Shares in issue and free float changes published
 Wednesday 28 February                                          The review files will be published.
 Wednesday 21 February to Friday 02 March                       Query period
 Monday 05 March                                                Lock down period commences
 Monday 19 March                                                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 Indices on +27 11 520 7137 or indices@jse.co.za


FTSE/JSE Ground Rules



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 3581 2764
 London                 +44 (0) 20 7866 1810
 New York               +1866 551 0617




Alternatively please visit our website at www.ftserussell.com

                                      Terms of Use | Copyright © 2018 FTSE Russell

Date: 19/01/2018 05:05:00 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.

Share This Story