FTSE Group, the global index provider, confirms today that Hikma Pharmaceuticals will be joining the FTSE 100 Index. In the rebalance, Tullow Oil will leave the UK’s leading index and enter the FTSE 250 Index.
The changes announced today are part of the impartial quarterly reviews endorsed by the independent FTSE Europe, Middle East and Africa (EMEA) Regional Advisory Committee. The rules-driven reviews ensure the indices continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indices.
The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above:
|
Entering FTSE 250 Index |
Exiting FTSE 250 Index |
|
AA Imagination Technologies Group Virgin Money Holdings |
Afren Game Digital Oxford Instruments |
FTSE operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action) will replace the outgoing constituent. With immediate effect, the following reserve list for FTSE 100 will be used (in alphabetical order):
- Berkeley Group Holdings
- Cobham
- Inmarsat
- Merlin Entertainments
- Provident Financial
- Rexam
All changes from this review will be implemented at the close of business Friday, 20 March 2015 and take effect from the start of trading on Monday, 23 March 2015.
