Gielda Papierow Wartosciowych w Wrszw : Resolution No. 832/2016

2016-08-25 12:30:43

Resolution No. 832/2016
of the Warsaw Stock Exchange Management Board
dated 11 August 2016

amending Resolution No. 42/2007 of the Exchange Management Board
dated 16 January 2007 (as amended)

§ 1

The Appendix to Resolution No. 42/2007 of the Exchange Management Board dated 16 January 2007 (as amended) 'Detailed principles of construction and publication of exchange indices and sub-indices' shall be amended as follows:

1) § 1.2 shall be replaced by the following:

'2. Companies which are specially marked according to § 3.1 of Division 7 of the Detailed Exchange Trading Rules in UTP System may not be put on the list of exchange index participants.';

2) the table in § 5.3 shall be replaced by the following:

WIG20	Every 15 seconds
mWIG40, sWIG80, WIG30, WIG, WIGdiv, WIG sector sub-indices	Every 60 seconds

3) the table in § 6.3 shall be replaced by the following

WIG20TR, WIG30TR, WIG-Poland, WIG-Ukraine

11:15 a.m. opening, 3:15 p.m. after second fixing

4) § 9.5 shall be replaced by the following:

'5. The value of free float is calculated as the closing price of the shares times the number of free floating shares on the ranking date, referred to in § 43. The closing price is randomly selected from a period including the ranking date and four trading days directly preceding the ranking date. Companies in the last quartile of the list of companies by the value of free float on the ranking date are not included in the ranking.';

5) w § 39.2 shall be replaced by the following:

'2. The index portfolio may include the number of shares of companies classified in the indices WIG20, mWIG40 or sWIG80.';

6) § 40.2 and § 40.3 shall be replaced by the following:

'2. Index participants after an annual revision include companies which have paid out a dividend in each of the last 5 financial years until the last trading session in November of the financial year of the revision (inclusive).

3. In case of companies whose financial instruments have been listed less than 5 years, the information on dividend payment in the preceding financial years contained in the relevant information document is also taken into account.';

7) in § 42:

a) sub-paragraph 2 shall be deleted;
b) in sub-paragraph 3, the second sentence shall be deleted.

§ 2

In the consolidated text of the 'Detailed principles of construction and publication of exchange indices and sub-indices' attached as an Appendix to Resolution No. 23/2016 of the Warsaw Stock Exchange Management Board dated 11 January 2016, § 20.2 should read 'ranked at the 120th position or higher' instead of 'ranked at the position or higher'.

§ 3

The consolidated text of the 'Detailed principles of construction and publication of exchange indices and sub-indices' incorporating the amendments referred to in § 1 and the correction referred to in § 2 is attached hereto.

§ 4

1. This Resolution shall enter into force on the date of adoption, subject to sub-paragraphs 2 and 3.

2. The amendments referred to in § 1(2) and § 1(3) of this Resolution shall enter into force on 1 October 2016.

3. The amendments referred to in § 1 (5) - (7) of this Resolution shall enter into force as of the annual revision on 16 December 2016.

Appendix to Resolution No. 832/2016 of the Warsaw Stock Exchange Management Board dated 11 August 2016