FTSE - Classification Changes
May 22 2000 - 6:52AM
UK Regulatory
RNS Number:9683K
FTSE
22 May 2000
FTSE Global Classification System Changes
The FTSE Global Classification Committee announces
changes to the classification of the following companies,
which will be implemented after the close of business on
Monday 22nd May.
The companies concerned are:
Staveley Industries plc, a SmallCap constituent
previously classified as 240 - Diversifed Industrials,
will be classified as 581 - Business Support Services.
Armour Trust plc, a Fledgling constituent previously
classified as 475 - Household Products, will be
classified as 253 -Electronic Equipment.
Notes for Editors:
Background to FTSE
FTSE is one of the world's leading experts in the
creation and management of equity indices and is jointly
owned by the London Stock Exchange and the Financial
Times. With offices in London, New York and Paris, FTSE
International services clients in 77 countries worldwide.
It manages and develops globally recognised indices
ranging from the FTSE World Index to the real time FTSE
Eurotop series and the FTSE 100. The company has
collaborative arrangements with the London, Amsterdam,
Brussels, Norex, Athens, Luxembourg and Madrid stock
exchanges, as well as with Nikkei of Japan (Nihon Keizai
Shimbun, Inc).
FTSE indices are used extensively by investors world-wide
for investment analysis, performance measurement, asset
allocation and for creating a wide range of index
tracking funds. Committees of senior fund managers,
derivatives experts, actuaries and experienced
practitioners independently review all changes to the
indices ensuring that they are accurate, timely and
without bias.
For further information please contact Client Services on
+44 (0) 20 7448 1810 and US: +(1) 212 771 6595
Or, email your enquiries to info@ftse.com and visit our
website at www.ftse.com
END
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