Deutsche Börse Group’s index activities are performed by the subsidiary STOXX Ltd. For our customers, this means one single point of contact for ...
On Wednesday Deutsche Börse decided on changes in its selection indices which will become effective on 22 June 2015.
The following changes will be made to MDAX: The shares of Zalando SE will be included in MDAX and will replace the shares of Bertrandt AG, which will move to SDAX.
The shares of Tele Columbus AG, Koenig & Bauer AG and ADLER Real Estate AG will be included in SDAX. The shares of Surteco SE, Delticom AG and BAUER AG will be deleted from the index.
In TecDAX the share of ADVA Optical Networking SE will be included and will replace the share of BB Biotech AG.
Besides the regular review of the indices, there is an unscheduled adjustment in SDAX. As a result of the acquisition by ADLER Real Estate, the Westgrund AG current share class (ISIN DE000A0HN4T3) in SDAX will be replaced with the tendered share class of Westgrund AG (ISIN DE000A14KCW5).
According to the Index Guide, this index change is implemented with two trading days’ notice once the acceptance threshold of at least 50 percent has been reached by the end of the initial tender period, or at any time throughout the extended period.
The free-float factor of the new share also will be adjusted from 62.14 percent to 87.75 percent in SDAX to account for a change in the free-float exceeding 10 percentage points. The new free-float factor reflects the number of tradable shares of the tendered share class. All unscheduled changes being announced today will be effective on 8 June 2015.
Once the acquisition is finalized, the tendered share will be replaced by the share of a new company according to the latest available index ranking or the old Westgrund AG share, respectively. This process ensures that the relevant criteria of index continuity and tradability are upheld.
The next regular index review is scheduled for 3 September 2015.
DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.
Deutsche Börse is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services encompasses the Group’s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,825 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.