Adjustment of VINX Benchmark Index due to spin-off in Aker Solutions
The following information is based on a press release from Aker Solutions. (AKSO, NO0010215684) published on August 28, 2014 and may be subject to change.
The Extraordinary General Meeting (EGM), held on August 18th 2014, approved a separation of Aker solutions into two separate companies. Shareholders will get one (1) new Aker Solutions share for every one (1) share held in the existing company at the time of the separation. The two new companies will be named Akastor (AKA) and Aker Solutions (AKSO). The remaining business will be renamed Akastor on September 29, 2014 but their ticker will change on September 26, 2014 from AKSO to AKA.
NASDAQ OMX Global Index Group will act and adjust AKSO (then named AKA) in accordance to the “Rules for the Construction and Maintenance of the VINX All-Share, Benchmark, Tradable and Sector Indexes” version 2.1, rule 5.7.1, Direct inclusion.
The scheduled Ex-date is September 29, 2014 and listing of AKSO will occur on September 29, 2014. A total of 150 700 000 shares from AKSO will be included in VINX Benchmark index in accordance with the terms of the distribution.
Description of the adjustment:
Aker Solution (AKSO) will be included in the index on the Ex-day September 29, 2014. No adjustment will be made to the Akastor’s (AKA) share price. The start price of Aker Solution will be zero (0.00) and will then be included in the index calculation at Aker Solution’s last traded price. Aker Solution will remain an index constituent until the next review is effective.
For further information concerning this notice please contact NASDAQ OMX Index Operations, telephone + 46 8 405 6296, e-mail index@nasdaqomx.com
