The Exchange has just elected and published the future KFX portfolio, which will enter into force on Monday 22 December 2003, and both Vestas Wind Systems and NEG Micon have been elected.
In connection with the amalgamation, the number of shares in Vestas Wind Systems will be increased by the number of shares in NEG Micon as both companies will be part of the KFX Index at the time when the amalgamation is implemented.
The KFX Index is reviewed biannually. The next election to the new KFX portfolio will take place at the beginning of June 2004, and the portfolio becomes effective on 21 June 2004. In connection with the selection of a new KFX portfolio, the Exchange calculates what shares have had the highest turnover in the trading system including what shares have been on the daily top 25 list of the most actively traded shares in the period under review. 20 shares from the basic portfolio of 25 shares are elected to the KFX portfolio. In accordance with the guidelines for calculation of the KFX Index and provided that the amalgamation is implemented as announced by the two companies, it will reduce the number of companies in the KFX Index, and the portfolio will subsequently hold 19 shares. The KFX Index will therefore continue with 19 share classes until the next review on Monday 21 June 2004.
