FTSE raises free float requirements
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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 ...
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Released by ICSA Newswire -16 December 2011