FTSE Group (“FTSE”) confirms today that, Pennon Group, the water utility and waste management company, will be leaving the FTSE 100 Index and enter the FTSE 250 Index. In the rebalance, TUI Travel, the leisure travel company, will enter the UK’s leading index.
The changes announced today are part of the impartial quarterly reviews approved by the independent FTSE Europe, Middle East and Africa Regional (EMEA) 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):
|
Entering FTSE 250 Index |
Exiting FTSE 250 Index |
|
Direct Line Insurance Group
Enterprise Inns
Pennon Group
United Drug |
Ruspetro
Shanks Group
Talvivaara Mining Company
TUI Travel |
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):
· Aegis Group
· Direct Line Insurance Group
· Easyjet
· Inmarsat
· London Stock Exchange Group
· Travis Perkins
All changes from this review will be implemented at the close of business Friday, 21 December 2012 and take effect from the start of trading on Monday, 24 December 2012.
