Ann: GENERAL: NZX: DILIGENT AND XERO TO BE ADDED

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    • Release Date: 06/06/12 19:04
    • Summary: GENERAL: NZX: DILIGENT AND XERO TO BE ADDED TO NZX 50 INDEX
    • Price Sensitive: No
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    NZX
    06/06/2012 17:04
    GENERAL
    
    REL: 1704 HRS NZX Limited
    
    GENERAL: NZX: DILIGENT AND XERO TO BE ADDED TO NZX 50 INDEX
    
    DILIGENT AND XERO TO BE ADDED TO NZX 50 INDEX
    
    06 June 2012. NZX Indices announces changes to the NZX 50 Index following the
    June 2012 Quarterly Index Review. The changes below, and the quarterly index
    rebalance, will be effective at market open on Monday 18 June 2012.
    
    As a result of the review, Diligent Board Member Services Incorporated (DIL)
    and Xero Limited (XRO) will be added to the NZX 50 Index at the June
    Quarterly Index rebalance. Both companies have met the ranking and liquidity
    requirements for addition to the NZX 50 Index. DIL and XRO will take the
    place of Rakon Limited (RAK) and Steel and Tube Holdings Limited (STU), who
    are the lowest ranked constituents in the NZX 50 Index.
    
    NZX Indices also notes that as previously announced to market, effective from
    the June 2012 Quarterly Index review, the number of indexed shares for NZX 50
    and NZX 10 Index constituents are being determined based on the number of the
    constituents free float shares rather than Modified Free Float shares.
    
    In addition to the change from Modified Free Float to Free Float, NZX Indices
    wishes to advise, as previously announced, that the absolute liquidity
    requirement will be used in determining the liquidity of NZX 50 eligible
    securities with effect from the September quarterly review.
    
    ENDS
    
    Changes to the NZX Equity Indices in no way reflect an opinion on any NZX
    Listed Issuer - they are determined solely by the NZX Index Methodology.
    
    NZX i-search subscribers receive the full NZX Index Quarterly Review Memo via
    the i-search platform. For more information about the i-search product please
    phone (04) 495 2810 or email [email protected]
    
    For more information, please contact:
    
    Rowan Macrae
    NZX Limited
    E-mail: [email protected]
    Phone: 04-4962874
    Mobile: 0274-727599
    End CA:00223621 For:NZX    Type:GENERAL    Time:2012-06-06 17:04:25
    				
 
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