Monday, September 09, 2019
/11:23AM / By Airtel Africa / Header Image Credit: Business Focus
The FTSE announced the final results of their September quarterly review, confirming the inclusion of Airtel Africa in the FTSE 250. This change will be effective from the market open on Monday, 23 September.
FTSE Russell, the global index provider, confirms that Hikma Pharmaceuticals, Meggitt and Polymetal International will be joining the FTSE 100 Index as a result of the September 2019 quarterly review. In the rebalance, Direct Line Insurance Group, Marks & Spencer Group and Micro Focus International will leave the FTSE 100 index and enter the FTSE 250 index.
The rules-driven, impartial quarterly reviews ensure the indexes continue to portray an accurate reflection of the market they represent and form an essential component to the management of the indexes.
The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above.
FTSE Russell operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action) will replace the outgoing constituent. With immediate effect, the following reserve list for FTSE 100 will be used (in alphabetical order):
All changes from this review will be implemented at the close of business on Friday, 20 September 2019 and take effect from the start of trading on Monday, 23 September 2019.
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