FTSE/ΑΤΗΕΧ Index Series - Rule Change
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| July 9th 2019 | |||
| FTSE/ΑΤΗΕΧ Index Series - Rule Change | |||
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ATHEXGROUP and FTSE Russell will like to inform market participants of the following updates of FTSE/ATHEX Index Series Ground which are effective immediately:
Section 3: Eligible Securities
New Rule
«3.1.4 Where multiple securities exist representing the same underlying economic asset (or are created as a consequence of a takeover or a restructure), FTSE/ATHEX reserve the right to retain a single security to represent the underlying asset»
Section 4: Investability Screens
Rule Update
«4.2 Liquidity
C. All securities must have traded at least 20% of their shares in issue, after the application of any free float restrictions, per annum. Liquidity is tested semi-annually in April and October as appropriate. For example, for June 2018 review the test would be conducted from the first business day of May 2017 to the last business day of April 2018 (In the case of eligible new securities, this requirement will be treated on a pro rata basis.).
From November 2006 shares that are block traded are not included in the application of this requirement.»
An updated copy of the FTSE/ΑΤΗΕΧ Index Series Ground Rules (v7.9) is available here
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About Athens Exchange Group
The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.
Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.
The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.
In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.
Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).
The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.
110 Athinon Ave. 10442 Athens, Greece, tel +30-210 3366 800, fax +30 210-3366 101