FTSE Russell PPHE Hotel Group (9057Y)
18 May 2021 - 3:00AM
UK Regulatory
TIDMPPH
RNS Number : 9057Y
FTSE Russell
17 May 2021
FTSE UK Index Series - PPHE Hotel Group
(B1Z5FH8, FTSE SmallCap)
17 May 2021
FTSE Russell has noted that the free float of PPHE Hotel Group
(FTSE UK SmallCap) has decreased to below the minimum requirement
for non-UK incorporated companies within the FTSE UK Index
series.
FTSE Russell also notes the publication of the notice by PPHE
Hotel Group on 17 May 2021 which expresses their commitment to
satisfying the eligibility requirements for the FTSE UK Index
series, by reviewing the available options open to the company to
facilitate this objective.
Accordingly, FTSE Russell has determined to retain the company
within the FTSE UK Index series for a period of up to 12 months
whilst this review is underway to avoid unnecessary turnover within
the FTSE UK Index series. PPHE Hotel Group will be required to
satisfy the free float requirement (and all other inclusion
criteria) as of the June 2022 review cut-off date on 31 May
2022.
For the avoidance of doubt, PPHE Hotel Group's continued
inclusion within the FTSE UK Index series and associated indexes is
contingent on continuing to satisfy all other inclusion
criteria.
For further information please contact FTSE Russell Client Services at info@ftserussell.com
or call: Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617
Alternatively please visit our website at www.ftserussell.com
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May 17, 2021 13:00 ET (17:00 GMT)
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