Further to the FTSE notice issued on 27 June 2003 regarding the demerger of Kesa Electricals from Kingfisher, based on todays closing market capitalisation of Kingfisher at GBP 7.2bn, Kesa Electricals has been estimated with a market capitalisation of GBP 900m.
Please note, in accordance with the above estimate, Kesa Electricals represents 12.5% of Kingfisher. Therefore the market capitalisation of Kesa applied to FTSE indices after the close of business on Friday 4 July 2003 will represent 12.5% of Kingfishers market capitalisation at the same time.
In accordance with the terms of the demerger, each Kingfisher share will receive 1 Kesa Electricals share, this is immediately followed by a share consolidation of both Kesa Electricals shares (every 5 shares consolidate into 1) and Kingfisher shares (every 8 shares consolidating into 7). The number of shares below reflects the current number of Kingfisher shares in FTSE indices and resulting Kesa Electrical shares after the consolidation terms have been applied.
| INDEX | CHANGE | EFFECTIVE FROM
START OF TRADING |
| FTSE All-World Index | Kingfisher PLC (UK 3073850) will remain in the index with a decreased shares in issue total of 2,285,907,082 and an unchanged investibility weighting of 100%.
Kesa Electricals (UK 3304011) will be added in the index with a shares in total of 522,493,047 and investibility weighting of 100%. | 7 July 2003 |
| FTSE World Index Ex-Multinationals | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE Global Sector - Cyclical | Kingfisher will be treated as above. | 7 July 2003 |
| FTSE European Sector - Cyclical | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE Global Style Index | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE Global Islamic Index | Kingfisher will be treated as above. | 7 July 2003 |
| FTSE Eurotop 300 | Kingfisher will be treated as above.
| 7 July 2003 |
| FTSE EuroMid | Kesa Electricals will be added as above.
| 7 July 2003 |
| FTSE 100 | Kingfisher will be treated as above.
| 7 July 2003 |
| FTSE CAP 100 | Kingfisher will be treated as above.
| 7 July 2003 |
| FTSE 250 | Kesa Electricals will be added as above.
JPMorgan Fleming Claverhouse IT PLC (UK 0342218) will be deleted.
| 7 July 2003 |
| FTSE All-Share | Kingfisher will be treated as above.
Kesa Electricals will be added as above.
| 7 July 2003 |
| FTSE CAP All-Share | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE All-Share Ex-Multinationals | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE 350 - Higher Yield | Kingfisher will be treated as above.
| 7 July 2003 |
| FTSE 350 - Lower Yield | JPMorgan Fleming Claverhouse IT will be deleted.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE All-Small | JPMorgan Fleming Claverhouse IT will be added to the index with an unchanged shares in issue total of 75,588,958 and an unchanged investibility weighting of 100%.
| 7 July 2003 |
| FTSE SmallCap | JPMorgan Fleming Claverhouse IT will be added as above.
| 7 July 2003 |
| FTSE4Good Global Index | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE4Good Europe Index | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE4Good UK Index | Kingfisher will be treated as above.
Kesa Electricals will be added as above. | 7 July 2003 |
| FTSE4Good UK 50 Index | Kingfisher will be treated as above.
| 7 July 2003 |
Kingfisher's classification will remain 527, Kesa Electricals will be 526 -- Retailers-Hardlines. In addition, Kesa has been classified as a Medium sized company.
The Value and Growth rating for Kesa Electricals within the FTSE Global Style Index Series is as follows:
Value: 75, Growth: 25.
Note: All changes are subject to EGM which will be held on 4 July 2003
