On Thursday, Deutsche Börse announced an unscheduled change to TecDAX. As a result of the expected acquisition of AIXTRON SE by Grand Chip Investment GmbH, the tendered share line of AIXTRON SE (ISIN DE000A2BPYT0) in the index will be deleted and replaced with the prior AIXTRON SE share line (ISIN DE000A0WMPJ6). This change is due to the end of the final tender period of the acquisition from 10 November 2016. This process ensures that the relevant criteria of index continuity and tradability are upheld.
As a result of the acquisition there will be significant changes in the shareholder structure. Therefore, the free float of AIXTRON SE changed by more than 10 percentage points. According to the rules in the Guide to the Equity Indices of Deutsche Börse AG, the company’s free float will be adjusted in the index from the current 98.99 percent to 22.27 percent.
These changes will become effective on 22 November 2016.
The next scheduled index review is 5 December 2016.
TecDAX® is a registered trademark of Deutsche Börse AG.
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