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- Release Date: 10/02/12 19:04
- Summary: GENERAL: NZX: TRADE ME TO REPLACE METHVEN LIMITED IN THE NZX 50 INDEX
- Price Sensitive: No
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NZX
10/02/2012 17:04
GENERAL
REL: 1704 HRS NZX Limited
GENERAL: NZX: TRADE ME TO REPLACE METHVEN LIMITED IN THE NZX 50 INDEX
TRADE ME TO REPLACE METHVEN LIMITED IN THE NZX 50 INDEX
10 February 2012
NZX Indices announces changes to the NZX 50 Index following the February
Monthly Index Review. The changes below, and the monthly index rebalance,
will be effective at market open on Monday 20 February 2012.
In accordance with the NZX 50 Index methodology, companies eligible to be
included in the NZX50 are ranked by six-month average free-float market
capitalisation, and required to meet liquidity requirements to be added to
the index.
Trade Me Limited (TME) will be added to the NZX 50 Index for meeting
liquidity requirement and ranking above the Monthly Review requirement to be
added into the NZX 50 Index. Methven Ltd (MVN) will be removed from NZX 50
Index as the lowest ranking constituent.
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:00219418 For:NZX Type:GENERAL Time:2012-02-10 17:04:15
