FTSE announces that in line with the adoption of actual free float in all FTSE indices, the FTSE Bursa Malaysia Index Series will use actual free float (rounded up to the next 1%) with effect from March 2013. This decision was approved by the FTSE Policy Group at the 12th June 2012 meeting.
To ensure transparency in the free float figures that will be used in the FTSE Bursa Malaysia Index Series, FTSE proposes to make indicative free floats available in advance to subscribing clients which may be revised in the period up to and including 30 December 2012. The final confirmed actual free float numbers will be published on 31 December 2012 at which point no further revisions will be made (other than as a direct result of corporate actions).
Updates made to the indicative figures in response to information received following their publication will be made at regular intervals to subscribing clients.
At initial implementation, the free float of index constituents will move to actual float (rounded up to the nearest 1%) unless the actual float is within a 3% buffer of the constituent’s current banded float. Following initial implementation, changes to floats between reviews will be made in response to corporate events, secondary offerings or significant changes to shares in issue.
All other changes to free float will be made at the quarterly reviews if the revised float is more than 3% from the current figure.
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