Treatment of Vodafone spin off of Verizon in the S&P Europe 350 Index
London, UK, 06 February 2014: S&P Dow Jones Indices will make the following changes in the S&P Europe 350 and S&P United Kingdom indices: • Effective after the close of Friday 21 February 2014, the closing price of Vodafone plc (Stock Key 3014) will be adjusted to account for the return of cash and stock distribution of Verizon shares to Vodafone shareholders. The stock distribution value will be calculated using the New York Stock Exchange (NYSE) closing price of Verizon on Feb 20 and WM forex rates of 21 February. The company will also undergo a share consolidation.
• A placeholder share line will be added to the S&P Europe 350 and S&P United Kingdom indices at the value of the stock distribution.
• Effective after the close of Monday 24 February 2014, the placeholder share line will be dropped from the S&P Europe 350 and S&P United Kingdom using a value based on the NYSE closing price of Verizon on Monday 24 February 2014 and WM forex rates of 24
• The above treatment will result in a restatement of the S&P Europe 350 and S&P United Kingdom Index closing levels and a subsequent repost of closing and next day constituent files at the close of the US market.