Standard & Poor’s will make the following changes to the S&P/ASX 50 Index effective after the close of trading on Tuesday, June 5, 2007, pending court approval:
Asciano Ltd. (Australia, GICS 20304010, SEDOL to be confirmed) will be added to the S&P/ASX 50.
This change is due to the Toll Group restructure, which will see the spin-off of the infrastructure assets of Toll Holdings Ltd. (Australia, SEDOL 6693749, GICS 20304020) to form the new company Asciano Ltd. Under the scheme, Toll shareholders receive one Stapled Security (Asciano Ltd.) for every one Toll share held.
Toll Holding Ltd.’s GICS code will change to 20301010, effective after the close of trading on Tuesday, June 5, 2007. Asciano Ltd. will have a GICS code of 20304010.
The following is a summary of the announced change:
S&P/ASX 50 Index – June 5, 2007 After Market Close – Pending Court Approval | |||
S&P Index | Company Name | New Total | New IWF |
S&P/ASX 50 | Toll Holdings Ltd. | 634,497,927 (no change) | .94 (no change) |
S&P/ASX 50 | Asciano Ltd. | 634,497,927 | .94 |