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FTSE UK Index Series Quarterly Review June 2016

  • Hikma Pharmaceuticals to join FTSE 100
  • Inmarsat to enter FTSE 250 in rebalance
     

FTSE Russell, the global index provider, confirms today that Hikma Pharmaceuticals will be joining the FTSE 100 Index. In the rebalance, Inmarsat will enter the FTSE 250 Index.

The changes announced today are part of the impartial quarterly reviews endorsed by the independent FTSE Russell Europe, Middle East and Africa (EMEA) Regional Equity Advisory Committee. The rules-driven reviews ensure the indexes continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indexes.

The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above:

 

Entering FTSE 250 Index

 

Exiting FTSE 250 Index

Ascential
CMC Markets
Countryside Properties
CYBG
Hill & Smith Hldgs
Metro Bank
Smurfit Kappa Group
Highbridge Multi-Strategy Fund
Interserve
Jimmy Choo
Lookers
Melrose Industries
Northgate
Ophir Energy
 

 

 

 

FTSE Russell 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):

• Aberdeen Asset Management Group
• Auto Trader Group
• Croda International
• Rightmove
• Smiths Group
• Smurfit Kappa Group

All changes from this review will be implemented at the close of business Friday, 17 June 2016 and take effect from the start of trading on Monday, 20 June 2016.

A link to the full technical notice can be found here.

For further information:

Press Office - Ed Clark  +44 (0)20 7797 1222

Notes to editors:

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide.  FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $10 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com 

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