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- Kone Corporation (Finland, SEDOL: B09M9D2, GICS: Industrials, GICS Code: 20106020) will replace Invesco Plc (United Kingdom, SEDOL: 0128269, GICS: Financials, GICS Code: 40203010) in the S&P Europe 350 and will be added to the S&P Euro Plus and S&P Euro indices. Invesco Plc will be deleted from the S&P Europe 350, and S&P United Kingdom indices, following the expected suspension of dealings in Invesco Plc shares on the London Stock Exchange on 4 December 2007, subject to sanction of the UK court. The company will move its primary listing to the NYSE and change its domicile to Bermuda, therefore making it ineligible for membership of the S&P Europe 350 index.
Kone Corporation is an elevator and escalator company. The number of shares outstanding will be 128,174,000 and the Investable Weight Factor will be 0.7607. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Industrial Machinery sub-industry.
Following is a summary of the announced addition and deletion:
| S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom– close of trading 03 December 2007: | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Kone Corporation | Industrials | Industrial Machinery |
| DELETED | Invesco Plc | Financials | Asset Management & Custody Banks |
