RE: FTSE Russell Reminder4 Mar 2022 09:30
"Accordingly, the open price of Evraz will be adjusted to include the previously calculated distribution value of GBP 1.8875197296, with it subsequently reverting to its market price immediately after the open."
Wishful thinking maybe, but I read it as, before open on Monday the £1.887 will be added to Friday closing price. This due to the fact that the adjustment included price is not a quoted price as of Friday, so in effect was not the 'real' Friday price. The new price (£1.887 plus Friday close price) will then be the new "Market Price" reverting to whatever the market decides at open. Consider that there may be much selling at that time so what was £1.887 Plus Friday close could well drop quickly past £1.887 or whatever the market decides, hence the term "reverting to it's market price".
After all if it were not added, what "adjustment" would have been made?
Some have said, "Why would this be prior warned" well if it were not, the big boys would certainly have known, this is possibly in some way to level the playing field for all stockholders big or small.
As I say, maybe all wishful thinking.
GLTASH. DYOR.