- Tullow Oil Plc (United Kingdom, SEDOL: 0150080, GICS: Energy, GICS Code: 10102020) will replace HBOS Plc (United Kingdom, SEDOL: 3058750, GICS: Financials, GICS Code: 40101010) in the S&P Europe 350 and S&P United Kingdom indices, following the acquisition of the latter by the S&P Europe 350 constituent Lloyds TSB Group, by means of a scheme of arrangements in a stock offer.
Tullow Oil Plc is one of the largest independent oil and gas exploration companies in Europe. The number of shares outstanding will be 731,222,000 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Oil and Gas Exploration sub-industry.
Following is a summary of the announced addition and deletion:
| S&P Europe 350 and S&P United Kingdom – close of trading 17 January 2009: | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Tullow Oil | Energy | Oil & Gas Exploration & Production |
| DELETED | HBOS | Financials | Diversified Banks |
- Lloyds TSB Group (United Kingdom, SEDOL: 870612, GICS: Financials, GICS Code: 40101010) which will now be known as the Lloyds Banking Group Plc, new number of shares in the S&P Europe 350 and S&P United Kingdom indices will be 16,367,333,000 and new Investable Weight factor will be 0.5662 following completion of its open offer and placing, and issue of acquisition shares in exchange for HBOS’s shares. HM Treasury will be the biggest shareholder of the enlarged company.
- Logica Plc (United Kingdom, SEDOL: 0522708, GICS: Information Technology, GICS Code: 45102010) new number of shares in the S&P Europe 350 and S&P United Kingdom indices will be 1,598,360,000 following a placing. There will be no IWF change.
