Copenhagen Stock Exchange: Error In Adjustment Of Index On Columbus IT Partner

The Copenhagen Stock Exchange has regrettably detected an error in connection with Columbus IT Partners’ rights issue on 31 March 2005. The error occurred as the adjustment factor was placed on the interim share that is included in the index in connection with the share being traded ex subscription right.

By placing the adjustment factor on the interim share, the initial price of the permanent share and the interim share was not adjusted correctly. As of 31 March 2005, the weighting of Columbus IT Partner in the indices that it is included in has been too high.

The affected indices are:

CSE451020GI	CSE45GI	KAXGI	SMALLCAPGI
CSE451020PI	CSE45PI	KAXPI	SMALLCAPPI
CSE4510GI	KAXCAPGI	KFMXGI
CSE4510PI	KAXCAPPI	KFMXPI

The Exchange has recalculated historical values from the period of 31 March 2005 up to and including 26 May 2005. The values from 27 May and onwards are adjusted and therefore correct.

You can download the historical values below:

Adjusted index values

The Exchange apologises for any inconvenience the error may have caused.