FTSE raises free float requirements

Companies listed on the FTSE indexes are now required to have 25% free float due to a change in the listing rules.

The change has been made to combat investor concerns that too many foreign companies are listing, via a UK subsidiary, on the FTSE with very low numbers of shares available to trade. This, say investors, reduces the chance for investor stewardship and allows companies to be ruled by large voting blocs, thus disenfranchising smaller shareholders ... READ MORE

Released by ICSA Newswire -16 December 2011