Deutsche Börse Announces Unscheduled Adjustment in DAX

Thursday, 08/09/2016 | 08:15 GMT by Finance Magnates Staff
  • Uniper SE will be included in the DAX index for one day on 12 September.
Deutsche Börse Announces Unscheduled Adjustment in DAX
Bloomberg, Deutsche Börse building in Frankfurt

Deutsche Börse today announced an unscheduled change to the DAX index.

Following the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. Uniper SE will therefore be included in the DAX index for one day on 12 September .

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

Uniper SE will enter the index with a price of zero. The total number of shares and free float used for Uniper SE in the index are given by the parent share, E.ON SE, in the index and the ratio for the spin-off. At the close of Xetra -trading on 12 September, Uniper SE is taken out of the DAX index, and the E.ON SE weighting will be adjusted accordingly.

The next scheduled index review is 5 December 2016.

Finance Magnates last reported on the activities of the German Börse earlier this week after announcing that a new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance is now tradable on Xetra and Börse Frankfurt.

Deutsche Börse today announced an unscheduled change to the DAX index.

Following the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. Uniper SE will therefore be included in the DAX index for one day on 12 September .

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

Uniper SE will enter the index with a price of zero. The total number of shares and free float used for Uniper SE in the index are given by the parent share, E.ON SE, in the index and the ratio for the spin-off. At the close of Xetra -trading on 12 September, Uniper SE is taken out of the DAX index, and the E.ON SE weighting will be adjusted accordingly.

The next scheduled index review is 5 December 2016.

Finance Magnates last reported on the activities of the German Börse earlier this week after announcing that a new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance is now tradable on Xetra and Börse Frankfurt.

Topics
Deutsche Börse
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