6 Mar 2019 18:00
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Daily Mail & General Trust (UK): Distribution of Euromoney Institutional Investor (UK)
Informative Notice
06 March 2019
FTSE Russell notes the distribution of shares in Euromoney Institutional Investor (UK, 0688666, FTSE 250 Index) by Daily Mail & General Trust (UK, 0945736, GEIS Small Cap). The distribution of shares will be accompanied by a cash distribution and share reduction in Daily Mail & General Trust. The terms for non-restricted shareholders will be 0.19933 of an Euromoney Institutional Investor share, a reduction of 0.46409 of a share and GBP 0.6812597 for each Daily Mail & General Trust share held.
Subject to shareholder approval (the shareholder meeting is scheduled for 26 March 2019), FTSE Russell anticipates the following treatment:
Monday 01 April 2019 (from the open):
A temporary line representing the shares of Euromoney Institutional Investor distributed to Daily Mail & General Trust holders will be added to Daily Mail & General Trust's Indexes. The close price of the temporary line will be updated daily to align with the close price of Euromoney Institutional Investor.
Daily Mail & General Trust shares will be adjusted based on the share reduction terms; while its price will be adjusted to incorporate the value of the cash distribution, the value of the Euromoney Institutional Investor share distribution, and the share reduction.
Thursday 04 April 2019 (from the open):
After settlement, the temporary line will be removed from all indexes.
Euromoney Institutional Investor will remain in its indexes at an increased weight. |
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For further information please contact FTSE Russell Client Services at info@ftserussell.com or call:
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