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Starting on 1 May 2008, the SWX Swiss Exchange will open the Swiss Performance Index (SPI®) to foreign-domiciled companies that have a primary listing on SWX. To maintain their inclusion in the SPI, these companies must regularly report to SWX on the status of their free float (month-end February, May, August and November). If the free float falls below the stipulated minimum level of 20%, the foreign primary-listed company will be excluded from the index in keeping with the procedure applicable to domestic companies.
Werner Bürki, member of the SWX Swiss Exchange’s Management Committee, commented on this step as follows: “We are convinced that this ‘equal opportunity’ will add to the attractiveness of the Swiss securities exchange marketplace, both for foreign issuers and foreign investors.”
For further details: http://www.swx.com/swx_messages/online/swx_message_200804110730_en.pdf
SWX Swiss Exchange
The SWX Swiss Exchange is one of the world’s leading and most technologically advanced securities exchanges. It provides customers with first-rate securities exchange services and brings together participants, issuers and investors in an efficient and transparent marketplace. In addition to the broad palette of products it offers, the SWX Swiss Exchange's integrated, fully automatic trading, clearing and settlement system is indeed convincing: at the click of a mouse, orders are executed, cleared, settled and confirmed. www.swx.com
