(Vienna) In the ATX Committee's quarterly review of calculation factors, the decision was taken to change the free float factor of Andritz from 0.8 to 0.7 due to changes in the structure of institutional investors. The free float factor represents the portion of shares of a company that are in the hands of a multitude of public investors. The higher the free float factor, the heavier the weighting of a company in the index. The number of voestalpine shares increases from 172,449,163 to 174,949,163 (+2,500,000 shares from an employee share plan). All changes become effective as of 22 June 2015. Both Andritz AG and voestalpine are members of the Austrian leading index ATX, the ATX five, the ATX prime and the ATX Global Players.
The Index Committee meets four times a year and reaches decisions twice a year (March and September) on the inclusion or exclusion of stocks from the Austrian indices. The decision on new additions to the index is based on the daily average trading volume and the free float capitalisation of companies. The free float is the share of stocks in circulation on the stock market and distributed across a large number of investors. The Committee moreover decides on adjustments to weighting factors in the index. Once a month, the is published. Representatives of institutional investors, trading members of the Vienna Stock Exchange, academics and the Vienna Stock Exchange contribute their know-how to the Index Committee. .
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