FTSE Announces The Results Of The Market Consultation On Minimum Free Float Requirement For The FTSE UK Index Series

FTSE Group (“FTSE”), the award winning global index provider, today announces the results of the market consultation on minimum free float requirement for the FTSE UK Index Series. The consultation showed a clear preference from respondents for setting a minimum 25% free float requirement for UK Series constituents.

As a result, the FTSE Policy Group have approved a change to the Ground Rules of the FTSE UK Index Series, which increases the minimum free float for a company to be eligible for inclusion to 25%.

Mark Makepeace CEO of FTSE Group comments, “With the guidance and direction of FTSE’s independent practitioner committees, FTSE regularly consults the market on changes to the Ground Rules of its indices to ensure that the indices continue to meet investors’ requirements and define and lead global standards in indexing. Both FTSE and our shareholder, the London Stock Exchange Group recognise that this strong stance on governance underpins the value of our business.”

For full details please click here.