Deutsche Börse has announced an unscheduled change to TecDAX. As a result of the expected acquisition of AIXTRON SE by Grand Chip Investment GmbH, the AIXTRON SE current share class (ISIN DE000A0WMPJ6) in the index will be replaced with the tendered share class of AIXTRON SE (ISIN DE000A2BPYT0). These changes will become effective on 20 October 2016.
According to the Guide to the Equity Indices of Deutsche Börse AG, this index change is implemented with two trading days notice once an acceptance threshold of at least 50% is reached. 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.
After the final acceptance period, the tendered share will be either replaced by the share of another company or by the prior share line of AIXTRON SE. This process ensures that the relevant criteria of index continuity and tradability are upheld.
The next scheduled index review is 5 December 2016.
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