As of 1 December the opening price of a share after an adjustment to the KFX Index will be calculated based on the 'last price paid' instead of the average price, which has been used until now.
The amendment implies that it will be easier to understand and predict the KFX Index after an adjustment when we apply the last price paid than if the average price had been applied.
In particular cases the Exchange will use an average price. This will apply to situations where the Exchange cannot value an event directly.
The updated guidelines for calculation of the KFX Index will be available on the Exchange's website, www.cse.dk, on 1 December. 26 November 2003
