asx 300 inclusion - share purchase uptake

J.P. Morgan issued a Quantitative Research piece dated 12th September,looking at the impact of all the changes to the various S&P ASX Indices.

For PRR, they estimate the weighting will go from present Zero to .021% of the ASX300 Index.

Their estimate is for some 25,177,000 shares to be purchased as a result of the uptake requirements.

(Mod pls note: no copywrite embargo applicable as this research is sourced from S&P/ASX, Iress.)

Sorry I can't post the article here as it's a very large (4 page) table on PDF.

Extract:
"Changes are effective before the open on Monday 19/Sep/2011. The last trading day before the index changes take effect will be Friday 16/Sep/2011."

Cheers
K