UKLA listing regime changes result in Daily Mail & General Trust leaving the FTSE UK index series

Because DMGT’s “A” ordinary shares do not carry voting rights, they will be classified from 31 May 2012 (when the listing regime changes take final effect) as having a “standard” listing for the purposes of the UK Listing Authority’s listing regime.

As a result, the “A” shares will be not eligible for inclusion in the FTSE UK index series – as shares with a “standard” listing are not included in the FTSE indices.

See this RNS from DMGT (which states that DMGT will continue to apply the UK Corporate Governance Code, although that is not a requirement for standard listings) and this FTSE announcement.

The UKLA’s explanation of the listing regime is here.

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