FTSE Group Probe Sees Preference For Minimum 25% Free Float
14 Diciembre 2011 - 4:11AM
Noticias Dow Jones
FTSE Group, the global index provider, said Wednesday the market
consultation on minimum free float requirement for the FTSE U.K.
Index Series showed a clear preference from respondents for setting
a minimum 25% free float requirement for U.K. Series
constituents.
MAIN FACTS:
-As a result, the FTSE Policy Group have approved a change to
the Ground Rules of the FTSE U.K. Index Series, which increases the
minimum free float for a company to be eligible for inclusion to
25% effective from Jan. 1, 2012.
-Current ground rules for both the FTSE U.K. Index Series and
the FTSE Global Equity Index Series allow a minimum free float of
15% for a company to be eligible for inclusion in either index
series.
-Consultation doesn't affect companies incorporated outside of
the U.K., which are already subject to a higher free float
threshold of 50%.
-In response to concerns expressed by certain respondents that a
25% minimum free float threshold may prove insufficient, FTSE will
undertake further consultation on whether a higher threshold would
be appropriate, or whether additional governance standards should
be incorporated in the FTSE All-Share Index.
-Changes will be applied to the FTSE U.K. Index Series--which
includes the FTSE 100 Index, the FTSE 250 Index and the FTSE
All-Share Index--from Jan. 1, 2012.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com