The Luxembourg Stock Exchange has changed the composition of the LuxX index as of 25 May 2009.
As a result, the index is now made up of a basket of shares from 10 companies.
In accordance with the management rules for the LuxX index, the Supervisory Committee of the Luxembourg Stock Exchange decided to withdraw the shares of Cegedel (ISIN LU0093533643) from the composition of the basket that serves as the basis for the calculation of the LuxX index (base 1000 au 4.01.1999).
The LuxX index basket is composed of the following as from Monday 25 May 2009:
| Weighting* | Number of shares | |
| ArcelorMittal | 23.88% | 356 |
| BIP | 3.07% | 20 |
| Dexia | 4.68% | 320 |
| Foyer | 0.97% | 9 |
| Intercultures | 1.70% | 4 |
| KBC Group | 5.94% | 126 |
| Luxempart | 4.65% | 7 |
| Reinet Investments | 27.89% | 987 |
| RTL Group | 9.05% | 90 |
| SES | 18.17% | 425 |
The rules governing the LuxX index are the following:
1. Index entry requirements
a) all shares issued by Luxembourg companies listed on the Luxembourg Stock Exchange having directly or indirectly an economic activity in Luxembourg, a significant activity on the Luxembourg Stock Exchange market or whose part of the shareholders is Luxembourg-based are eligible. The Executive Committee decides on the eligibility in respect of each company by assessing whether one of these requirements are adequately met;
b) the shares issued by a foreign company listed on the Luxembourg Stock Exchange and which, on one hand, has acquired a Luxembourg company formerly retained among the LuxX index constituents, and, on the other hand, will continue to have directly or indirectly an economic activity in Luxembourg and whose part of the shareholders will remain Luxembourg-based. The Executive Committee decides whether for each company the requirements are adequately met;
c) the LuxX index is an open index, which means that the number of eligible constituent companies is not limited. As a matter of fact, any company meeting the requirements specified in paragraphs a) and b) above can be retained among the index constituents.
2. Assessment of the companies’ weight
a) the weight of the Luxembourg companies in the basket used to calculate the LuxX index is assessed on the basis of their individual free-float market capitalisation;
b) the weight of the foreign companies in the basket used to calculate the LuxX index is assessed on the basis of 15% of their individual free-float market capitalisation;
c) should the weight of a company be on top of 20%, it would be reduced to 20% and the excess would be distributed proportionately between the other index constituent companies.
If several companies are subject to a limit of 20%, the Executive Committee may resolve, on the basis of the actual weight of the companies concerned, to readjust the weight of these companies by applying a scale of +/- 2.50% steps. The sum of the readjusted weights shall be a multiple of 20.
