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Further to the FTSE notices released on 17 and 27 January 2014 in relation to FTSEs expected treatment of Vodafones sale of its 45% stake in Verizon Wireless to Verizon Communications (US, 2090571), and following confirmation of the Verizon share distribution & Vodafone consolidation ratio, FTSE announces the following changes:
Please note: (*) The Vodafone shares in issue total reflects the 11 into 6 share consolidation effective Monday 24 February 2014.
On Friday 21 February 2014 the closing market capitalisation value of Vodafone will be reduced by both the cash distribution and the Verizon distribution.
The value of the cash distribution is expected to be confirmed by the company on 21 February 2014. FTSEs adjustment of Vodafones market capitalisation at close on 21 February 2014 will be calculated on this confirmed value. Based on existing information the cash distribution value is expected to approximate 30p per share.
FTSE will release a further notice after market close on 21 February 2014 detailing the deletion of the temporary dummy lines and the equivalent share increase to Verizon Communications.
| INDEX |
CHANGE |
EFFECTIVE FROM
START OF TRADING |
| FTSEurofirst 100 Index |
Vodafone Group (UK, New Sedol BH4HKS3) will remain in the index with a decreased shares in issue total of 26,566,368,039 * and an unchanged investability weighting of 100%.
Verizon Communications Dummy (EUR) (UK, BJWVJP1) will be added to the index with a shares in issue total of 1,280,947,023 and an investability weighting of 100%.
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24 February 2014 |
| FTSEurofirst 300 Index |
Vodafone Group will be treated as above.
Verizon Communications Dummy (EUR) will be treated as above.
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24 February 2014 |
For further information or general enquiries please contact us at info@ftse.com or call:
| Client Services in UK: |
Tel: +44 (0) 20 7866 1810 |
| Client Services in Europe, Middle East & Africa: |
Tel: +44 (0) 20 7866 1810 |
| Client Services in US: |
New York: (Domestic) + 1 888 747 FTSE (3873) / (International): +1 212 314 1139 |
| Client Services in Asia Pacific: |
Hong Kong: + 852 2164 3333 Australia:(Domestic Toll-Free) + 1800 653 680 / (International) + 61 (2) 9293 2864 Japan + 81 (3) 3581 2764 |
Alternatively please visit our website at www.ftse.com
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