Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom indices:
- Following its spin-off by Severn Trent Plc, Biffa Plc (United Kingdom, SEDOL: B129PL7 GICS: Industrials, GICS Code: 20201050) will replace Benetton Group (Italy, SEDOL: 7128563, GICS: Consumer Discretionary, GICS Code: 25203010) in the S&P Europe 350, and will be added to the S&P United Kingdom index, after the close of trading on Friday 06 October 2006. The demerger of Biffa remains subject to shareholder approval at an EGM to be held on 6 October.
Biffa Plc provides waste collection, treatment and recycling, and disposal services to customers in the industrial, commercial and municipal sectors. The number of shares outstanding will be 345,891,400 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Environmental & Facilities Services sub industry.
- Following the demerger of GUS Plc (United Kingdom, SEDOL: B0NH007, GICS: Consumer Discretionary, GICS Code: 25502010) into two separate companies, Home Retail Group PLC (United Kingdom, SEDOL: B19NKB7, GICS: Consumer Discretionary, GICS Code: 25502010) will replace GUS Plc in the S&P Europe 350 and S&P United Kingdom indices, after the close of trading on Tuesday 10 October 2006.
Home Retail Group is a UK home and general merchandise retailer. The number of shares outstanding will be 881,579,400 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Catalog Retail sub industry.
- Experian Group Limited (United Kingdom, SEDOL: B19NLV4, GICS: Industrials, GICS Code: 20201030) will replace FKI (United Kingdom, SEDOL: 0329459, GICS: Industrials, GICS Code: 20106020) in the S&P Europe 350 and the S&P United Kingdom indices, after the close of trading on Tuesday 10 October 2006.
Experian Group Limited is a global provider of information solutions to business clients and consumers. The Investable Weight Factor will be 1. The number of shares will be confirmed prior to 10 October, due to a pre-trading capital raise. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Diversified Commercial & Professional Services sub industry.
** The last day of trading in GUS Plc shares on the London Stock Exchange will be 6 October 2006. GUS Plc will be held in the S&P Europe 350 index on Monday 9 and Tuesday 10 October at its closing price on this date. The constituent changes will be effective after the close of trading on Tuesday 10 October 2006. The above company details are subject to change and Standard & Poor’s will post updates on its website www.standardandpoors.com
Following is a summary of the announced additions and deletions:
S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom – close of trading 06 October 2006 |
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COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Biffa Plc | Industrials | Environmental & Facilities Services |
DELETED | Benetton Group SpA | Consumer Discretionary | Apparel, Accessories & Luxury Goods |
S&P Europe 350 and S&P United Kingdom – close of trading 10 October 2006 |
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COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Home Retail Group (demerged from GUS Plc) | Consumer Discretionary | Catalog Retail |
ADDED | Experian Group Limited (demerged from GUS Plc) | Industrials | Diversified Commercial & Professional Services |
DELETED | GUS PLC | Consumer Discretionary | Catalog Retail |
DELETED | FKI | Industrials | Industrial Machinery |
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