FT/S&P-Actuaries World Indices Quarterly Changes.NEW YORK--(BUSINESS WIRE)--June 29, 1998--Following its quarterly meeting held on 25 June June: see month. 1998, the World Index Policy Committee (WIPC) announced the following changes, effective on 3 August 1998: Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. : one (1) stock will be added to the index. Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). : two (2) stocks will be added to the index (one is an additional line of an existing company) and four (4) deleted Deleted A security that is no longer included on a specified market. Sometimes referred to as "delisted". Notes: Reasons for delisting include violating regulations, failing to meet financial specifications set out by the stock exchange and going bankrupt. . Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. : two (2) stocks will be added to the index and two (2) deleted. Netherlands Netherlands (nĕth`ərləndz), Du. Nederland or Koninkrijk der Nederlanden, officially Kingdom of the Netherlands, constitutional monarchy (2005 est. pop. 16,407,000), 15,963 sq mi (41,344 sq km), NW Europe. : seven (7) stocks will be added to the index. United Kingdom: nine (9) stocks will be added to the index and one (1) deleted. one (1) investibility weight change. -0-
AUSTRALIA
Addition:
Company Investibility Sub-sector Sub-sector
Weight % No.
AMP (Ordinary Shares) 100% Life Insurance 141
GERMANY
Additions (All shares are ordinary) :
Company Investibility Sub-sector Sub-sector
Weight %
SAP AG DM5 100% Computer Software 482
(In addition to SAP & Services
preference line
already in the index)
Bankgesellschaft Berlin 18.2% Commercial Banks
& Other Banks 112
Deletions (All shares are ordinary):
Company Sub-sector Sub-sector
No.
Berlin Kraft U Licht
(BEWAG) Electric Utilities,
Water Works and Supply 221
Springer, Axel Publishing 472
AGIV Diversified Industrials 591
Deutsche Babcock Construction 613
The large company cut-off figure for Germany as of 31 March 1998 was
DM9,965.20m.
IRELAND
Additions (All shares are ordinary):
Company Investibility Sub-sector Sub-sector
Weight % No.
Avonmore Waterford 100% Food Processors 451
Tullow Oil 100% Oil - Crude Producers 213
Deletions (All shares are ordinary):
Company Sub-sector Sub-sector
No.
Barlo Group Diversified Industrials 591
Crean (James) Diversified Consumer
Goods / Services 406
The large company cut-off figure for Ireland as of 31 March 1998 was
IEP1,501.26m.
NETHERLANDS
Additions (All shares are ordinary):
Company Investibility Sub-sector Sub-sector
Weight % No.
Fortis AMEV NV 100% Insurance Multiline 151
Baan Company NV 100% Computer Software
& Services 482
VNU, Ver. Bez. 100% Publishing 472
ASM Litography NV 100% Office Equipment 534
Randstad Holding 100% Business Services 481
Hagemeyer 100% Wholesale - Non durables 512
Numico 100% Food Processors 451
The large company cut-off figure for the Netherlands as of 31 March
1998 was NLG22,333.39m.
UNITED KINGDOM
Additions (All shares are ordinary):
Company Investibility Sub-sector Sub-sector
Weight % No.
Norwich Union Plc 100% Insurance - Life 141
Cable & Wireless
Communications Plc 100% Telephone Companies 223
Woolwich Plc 100% Commercial Banks &
Other Banks 112
Alliance & Leicester Plc 100% Commercial Banks &
Other Banks 112
Sun Life & Provincial
Holdings Plc 100% Insurance - Life 141
British Energy Plc 100% Electric Utilities
& Water 221
Works Supply
Misys Plc 100% Computer Software
& Services 482
Northern Rock Plc 100% Commercial Banks
& Other Banks 112
Sema Group Plc 100% Computer Software
& Services 482
Deletions (All shares are ordinary):
Company Sub-sector Sub-sector No.
Diploma Plc Wholesale - Durables 511
The large company cut-off figure for the UK as of 31 March 1998 was
(pound)2,680.84m.
INVESTIBILITY WEIGHT CHANGE
The WIPC also announced the following investibility weight change
effective 3 August 1998:
Company Country Current Investibility New Investibility
Weight % Weight %
British Airways UK 25% 49.99%
INDUSTRY RECLASSIFICATIONS
The WIPC also announced that the classification of a number of
constituents were reviewed and the following classification changes
will therefore be made on 1st July 1998:
Country Company Name Current Industry Proposed Industry Sub-
Sub-Sector Sector
France LVMH Moet
Hennessey Louis Beverages - Textile Products (412)
Vuitton Distillers (422)
USA Whitman Corp. Diversified Consumer Beverages - Soft Drinks
Goods/Services (406) (424)
FAST ENTRY RULE In order to ensure the timely addition of significant companies into the World Index, without incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. undue turnover, the World Index Policy Committee approved amending Ground Rule 4.1 (iv) effective immediately. The rule now reads: "A new, eligible security becomes available whose capitalisation n. 1. same as capitalization. Noun 1. capitalisation - writing in capital letters capitalization writing - letters or symbols that are written or imprinted on a surface to represent the sounds or words of a language; "he turned the paper taking into account all relevant factors including application of the investibility screens, is greater than twice the Large Company Cut-Off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, , index adjusted from the last calculated value, for the relevant market". EUROPEAN MONETARY UNION European Monetary Union An agreement by participating European Union member countries that includes protocols for the pooling of currency reserves and the introduction of a common currency. (E.M.U.) The World Index Policy Committee has discussed E.M.U. A definitive statement will be issued at a later date on how the indices will be impacted at the technical level following the introduction of the Euro The introduction of the euro took place principally between 31 December 1998, when the exchange rates between the euro and legacy currencies in the Eurozone became fixed, and early 2002, when euro notes and coins were introduced and the legacy currencies withdrawn. , on 1st January January: see month. 1999. Notes for Editors: The FT/S&P Actuaries World Indices are jointly compiled by FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. International, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. & Co and Standard & Poor's in conjunction with the Institute of Actuaries The Institute of Actuaries is one of the two professional bodies representing actuaries in the United Kingdom. The Institute is based in England, while the other body, the Faculty of Actuaries, is based in Scotland. and the Faculty of Actuaries The Faculty of Actuaries in Scotland is the professional body representing actuaries in Scotland. The Institute of Actuaries, is a separate body in England, Wales and Northern Ireland. . All enquiries should be made to Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. Vale at FTSE International in London on +44 (0)171 448 1821, Barbara Mueller, Goldman Sachs & Co in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on +1 (212) 902 6777 or Elliott Shurgin, Standard & Poor's in New York on +1 (212) 208 8709.
CONTACT: FTSE International
Steven Vale
London
0171-448-1821
or
Goldman, Sachs & Co.
Barbara Mueller
212-902-6777
or
Standard & Poor's
Elliott Shurgin
212-208-8709
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