30.03.2016, 13:40
Deutsche Börse AG: Unscheduled adjustment in MDAX
OREANDA-NEWS. On Tuesday, Deutsche Börse announced unscheduled changes to MDAX. As a result of the expected acquisition of Wincor Nixdorf AG by the acquirer Diebold, Incorporated, the Wincor Nixdorf AG current share class (ISIN DE000A0CAYB2) in MDAX will be replaced with the tendered share class of Wincor Nixdorf AG (ISIN DE000A169QN2). All changes will become effective on 01 April 2016.
According to the index guidebook, this index change is implemented with two trading days’ notice once a company’s share reaches an acceptance threshold of at least 50 percent. The number of shares and the free float factor are set to be equal to the values of the current share class in the indices. Once the final tender period ends, depending on the acceptance threshold the tendered share will be either replaced by the share of a new or the prior share line of Wincor Nixdorf AG. This process ensures that the relevant criteria of index continuity and tradability are upheld.
The next scheduled index review is 3 June 2016.
MDAX® is a registered trademark of Deutsche Börse AG.
About Deutsche Börse – Market Data + Services
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, over 11,000 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
According to the index guidebook, this index change is implemented with two trading days’ notice once a company’s share reaches an acceptance threshold of at least 50 percent. The number of shares and the free float factor are set to be equal to the values of the current share class in the indices. Once the final tender period ends, depending on the acceptance threshold the tendered share will be either replaced by the share of a new or the prior share line of Wincor Nixdorf AG. This process ensures that the relevant criteria of index continuity and tradability are upheld.
The next scheduled index review is 3 June 2016.
MDAX® is a registered trademark of Deutsche Börse AG.
About Deutsche Börse – Market Data + Services
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, over 11,000 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
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