Wrap Text
Informative Notice – 20260921 Review Timetable Informative Notice - September and December 2026
September 2026 and December 2026 Shares and Free Float Updates –
Timetable
FTSE/JSE Index Series
11 August 2026
The FTSE/JSE Africa Index Series will be reviewed during September 2026. The review timetable is as follows:
Event Date Description
Free Float and Shares In Issue 31 July 2026 Cut date to determine free float changes in
Changes Cut Date excess of 3% and cumulative shares in issue
changes in excess of 1%.
Ranking Cut Date 24 August 2026 Market capitalisation snapshot for ranking and
selection purposes.
Review ICA 02 September 2026 Review additions, deletions and weighting
changes published.
FTSE/JSE AC Meeting 03 September 2026 FTSE/JSE Advisory Committee Meeting.
Capping Cut Date 11 September 2026 Closing prices snapshot for portfolio factor
calculation.
Portfolio Factors 14 September 2026* Publication of portfolio factors for capped,
equally weighted and fundamental weighted
indices.
Effective Date 21 September 2026 Review changes applied from start of trading.
*Portfolio Factors Publication: Please note that a market notice was published on 30 October 2021 pertaining to the
Final availability of FTSE/JSE Capping Factors on the JSE Website. The notice can be accessed here.
Friday 31 July 2026: Cut-off date for new information. Information available prior to the end of day on 31 July 2026
will be considered when determining September's shares and free float updates.
Friday 21 August 2026: The shares and float files will be released. Clients are welcome to query the data included
within these files and FTSE Russell will review appropriately. Any changes will be visible within the files which will
be published daily between 21 August and 04 September. These files are strictly indicative until end of day on 04
September 2026 and are subject to daily changes.
The FTSE/JSE Index Review files will be released on Wednesday 02 September 2026.
Monday 24 August to Friday 04 September 2026: Query period. Clients are welcome to query the data visible
within the files between 24 August 2026 and end of day on 04 September 2026.
The quarterly updates will be considered final at end of day on Friday 04 September 2026.
Monday 07 September 2026: Effective start of trading on 07 September 2026, the scheduled changes will be
"locked down" across the FTSE/JSE Indexes, with no further corrections applied this quarter*.
*During the quarterly review / annual reconstitution lock-down period, FTSE Russell will generally avoid
implementing corrections to ensure stability during the period prior to the review / reconstitution implementation.
However egregious shares and free float errors discovered within the lock-down period or during the week following
the review / reconstitution may be corrected if an erroneous change compromises the replicability of the index OR if
the change places potential price pressure on the company OR if there is a material error of 50% or greater
(relative) to index shares. Any corrections during the lock-down period or the week following the review will be
implemented with appropriate notice. All other shares and free float errors will be corrected at the following
quarterly index review.
Monday 21 September 2026: From start of trading on 21 September 2026 the quarterly changes will become
effective across the FTSE/JSE indexes.
Additional Clarifications
Stocks Suspended during the Review Period: Constituents which are suspended on Friday 04 September
2026* will not have their scheduled review changes implemented regardless of a resumption of trade prior to the
review effective date. The scheduled review changes will be implemented T+5 after the review effective date, at the
earliest, upon resumption of trade.
If an active constituent suspends on or prior to Thursday 17 September 2026*, the scheduled review changes will
be reversed and applied T+5 after the resumption of trade (T+5 after the review effective date, at the earliest). For
securities that suspend on the Friday prior to the review effective date, the review changes will proceed as
previously communicated**.
*If there is a confirmed resumption of trade date which occurs prior to the review effective date, the review changes
will proceed as scheduled.
**In exceptional circumstances, it may be deemed necessary to reverse the review changes when a company
suspends on 18 September 2026.
Please note that Section 4.2 of the FTSE Russell Index Policy for Trading Halts and Market Closures guideline was
updated on 4 Dec 2023. The notice can be accessed here.
Equity Offerings: In accordance with standard methodology, primary and secondary offerings will continue to be
applied with two days' notice when discovered after the review announcement date. However, offerings which
would ordinarily become effective at the open on the Tuesday - Friday prior to the review will instead be
implemented simultaneously in conjunction with the review effective date on 21 September 2026 (open). Offerings
discovered on the Thursday and Friday prior to the review will be implemented with two days' notice and therefore
subsequent to the review.
Timetable Summary
Date Action
Friday 31 July Shares and Float cut-off date
Friday 21 August to Friday 04 September Shares in issue and free float changes published
Wednesday 02 September The review files will be published.
Monday 24 August to Friday 04 September Query period
Monday 07 September Lock down period commences from the open
Monday 21 September Index review effective from the open
Publication of Indicative Free Float Changes: Please note that a market notice was published on 24 November
2025 pertaining to the Final availability of the Indicative Free Float Changes on the JSE Website. The notice can be
accessed here
FTSE Russell is also pleased to announce the December 2026 Index Review timetable as follows:
Event Date Description
Free Float and Shares In Issue 30 October 2026 Cut date to determine free float changes in
Changes Cut Date excess of 3% and cumulative shares in issue
changes in excess of 1%.
Ranking Cut Date 23 November 2026 Market capitalisation snapshot for ranking
and selection purposes.
Review ICA 02 December 2026 Review additions, deletions and weighting
changes published.
FTSE/JSE AC Meeting 03 December 2026 FTSE/JSE Advisory Committee Meeting.
Capping Cut Date 11 December 2026 Closing prices snapshot for portfolio factor
calculation.
Portfolio Factors 14 December 2026* Publication of portfolio factors for capped,
equally weighted and fundamental weighted
indices.
Effective Date 21 December 2026 Review changes applied from start of trading.
*Portfolio Factors Publication: Please note that a market notice was published on 30 October 2021 pertaining to the
Final availability of FTSE/JSE Capping Factors on the JSE Website. The notice can be accessed here.
Friday 30 October 2026: Cut-off date for new information. Information available prior to the end of day on 31 October
2026 will be considered when determining December's shares and free float updates.
Friday 20 November 2026: The shares and float files will be released. Clients are welcome to query the data
included within these files and FTSE Russell will review appropriately. Any changes will be visible within the files
which will be published daily between 20 November and 04 December. These files are strictly indicative until end of
day on 04 December 2026 and are subject to daily changes.
The FTSE/JSE index review files will also be released on Wednesday 02 December 2026.
Monday 23 November to Friday 04 December 2026: Query period. Clients are welcome to query the data visible
within the files between 23 November 2026 and end of day on 04 December 2026.
The quarterly updates will be considered final at end of day on Friday 04 December 2026.
Monday 07 December 2026: Effective start of trading on 07 December 2026, the scheduled changes will be "locked
down" across the FTSE/JSE Indexes, with no further corrections applied this quarter*.
*During the quarterly review / annual reconstitution lock-down period, FTSE Russell will generally avoid implementing
corrections to ensure stability during the period prior to the review / reconstitution implementation. However egregious
shares and free float errors discovered within the lock-down period or during the week following the review /
reconstitution may be corrected if an erroneous change compromises the replicability of the index OR if the change
places potential price pressure on the company OR if there is a material error of 50% or greater (relative) to index
shares. Any corrections during the lock-down period or the week following the review will be implemented with
appropriate notice. All other shares and free float errors will be corrected at the following quarterly index review.
Monday 21 December 2026: From start of trading on 21 December 2026 the quarterly changes will become effective
across the FTSE/JSE indexes.
Additional Clarifications
Stocks Suspended during the Review Period: Constituents which are suspended on Friday 04 December 2026*
will not have their scheduled review changes implemented regardless of a resumption of trade prior to the review
effective date. The scheduled review changes will be implemented T+5 after the review effective date, at the earliest,
upon resumption of trade.
If an active constituent suspends on or prior to Thursday 17 December 2026*, the scheduled review changes will be
reversed and applied T+5 after the resumption of trade (T+5 after the review effective date, at the earliest). For
securities that suspend on the Friday prior to the review effective date, the review changes will proceed as previously
communicated**.
*If there is a confirmed resumption of trade date which occurs prior to the review effective date, the review changes
will proceed as scheduled.
**In exceptional circumstances, it may be deemed necessary to reverse the review changes when a company
suspends on 18 December 2026.
Please note that Section 4.2 of the FTSE Russell Index Policy for Trading Halts and Market Closures guideline was
updated on 4 Dec 2023. The notice can be accessed here.
Equity Offerings: In accordance with standard methodology, primary and secondary offerings will continue to be
applied with two days' notice when discovered after the review announcement date. However, offerings which would
ordinarily become effective at the open on the Tuesday - Friday prior to the review will instead be implemented
simultaneously in conjunction with the review effective date on 21 December 2026 (open). Offerings discovered on
the Thursday and Friday prior to the review will be implemented with two days' notice and therefore subsequent to
the review.
Timetable Summary
Date Action
Friday 30 October Shares and Float cut-off date
Friday 20 November to Friday 04 December Shares in issue and free float changes published
Wednesday 02 December The review files will be published.
Monday 23 November to Friday 04 December Query period
Monday 07 December Lock down period commences from the open
Monday 21 December Index review effective from the open
Publication of Indicative Free Float Changes: Please note that a market notice was published on 24 November
2025 pertaining to the Final availability of the Indicative Free Float Changes on the JSE Website. The notice can be
accessed here
Should you require further information, please refer to the FTSE/JSE Ground Rules available at the link below or
contact the JSE on +27 11 520 7000 or info@jse.co.za.
FTSE/JSE Ground Rules
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:
Asia Pacific ex Japan +852 2164 3333
Japan +81 3 6441 1430
Europe, Middle East & Africa +44 (0) 20 7866 1810
North America +1 800 721 2225
JSE Limited +27 11 520 7000
Alternatively please visit our website at lseg.com/ftse-russell or www.ftsejse.co.za
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Date: 11-08-2026 05:20:00
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