Suspension of Dealing

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If a constituent is suspended on its home exchange it may remain in the indices, at the price at which it is suspended, for up to 10 business days. During this time, on advice from FTSE, the Chairman and Deputy Chairman of the relevant Regional Committee (or their deputies) may agree to delete the constituent immediately either at its suspension price, or at zero.

Where a suspension of a constituent lasts beyond noon on the tenth business day (and the option to remove the constituent has not been exercised), the constituent will normally be deleted from the indices on the eleventh trading day at zero or the suspension price. Where suspension is for a reason not to the detriment of the constituent, it may be retained or removed at its suspension price with the approval of the Chairman and Deputy Chairman (or their deputies) of the relevant Regional Committee.

Relisting of Suspended Constituents

Securities that, when re-listed are larger than the smallest constituent in the index, will be re-instated in the index at the price at which they were removed. The re-instatement will happen after the close of business on the first day after the stock is re-listed.

If a deleted constituent (that has been suspended at a price other than zero) is subsequently de-listed and deemed to be of nil value, the stock will be included for one day's calculation in the index (from which it was removed) to enable the fall in the stock's value to be reflected in the index value. In this situation, the stock will be re-included at the suspension price, and its price will be zero throughout that day's calculation, including the closing price.

If a company re-lists after a continuous period of suspension lasting more than a year, the relevant Regional Committee reserve the right to treat the company as a new issue for the purposes of index eligibility.

Indices which Maintain a Constant Number of Constituents

If the suspended company is deleted from the indices, it will be replaced with the highest ranking company on the Reserve List eligible to be included in the indices as at the close of the index calculation on the day preceding the inclusion of the replacement company. This change will be effected after the close of the index calculation and prior to the start of the index calculation on the following day. Consequently an index may have one more constituent than the constant number for one day only.

After a suspended stock is re-listed the timetable for the events shall be as follows:

After close of business on day 1

The stock will be included in the indices from which it was suspended.

After close of business on day 2

Index constituents will be ranked by full market capitalisation and the smallest constituent will be selected for deletion, using prices as at the close of business. FTSE will release a technical notice detailing any index changes, based on this ranking.

After close of business on day 3

All changes will be implemented as detailed in the technical notice.