OMX GES Ethical Indexes

Transcription

1 Rules for consrucion and Mainenance of OMX GES Ehical Indexes / 11 June 2012

2 Table of conens DEFINITIONS INTRODUCTION INTRODUCTION INDEX SHARES AND CALCULATION OF THE INDEX VALUE DEFINITION OF THE INDEX SHARE FORMULA Price (P) Number of shares (S) Foreign Exchange rae Index value Dividends Trading day CORPORATE ACTIONS LIMITATION OF USE/TRADEMARK DISCLAIMER... 8

3 Definiions NASDAQ OMX Nordic Exchange is referred as he Exchange

4 1 Inroducion 1.1 Inroducion NASDAQ OMX Sockholm AB (publ), hereinafer referred o as he Index Owner, owns he OMX GES Ehical indexes. The Index Owner has appoined he Exchange o be he OMX GES Ehical index provider and index calculaor. This also embraces he consrucion and adopion of he regulaory sysem for OMX GES Ehical indexes, hereinafer called Rules and Mainenance for he OMX GES Ehical indexes. OMX GES Ehical indexes have been consruced wih he objecive of creaing indexes based on he marke developmen of all companies lised in he four Nordic counries, Sweden, Norway, Finland and Denmark, wih companies classified as unehical excluded. The index family consiss of he main index OMXETHICALNC and four counry specific indexes (OMXETHICALSE, OMXETHICALNO, OMXETHICALFI and OMXETHICALDK). The indexes are adjused for dividends.

5 2 Index shares and calculaion of he index value 2.1 Definiion of he Index Share OMX GES Ehical index populaions are reviewed on a semi-annual basis. GES screens he lised companies and makes a selecion based on "GES Global Ehical Sandard" and "GES Conroversial". Companies who do no mee he ehical requiremens canno qualify as index consiuens. The review is made on he las rading day in June and December, and affecs he index populaion from he nex rading day. For deposiary receips (DR s), he marke value is calculaed by muliplying he oal number of deposiary receips wih he las price paid. Deposiary receips lised in Sweden and Norway are included in he index from (sar dae of he index). Deposiary receips recorded in Denmark and Finland are included in he index from Formula The main objecive of he index calculaion is o exceedingly reflec he changes in value of a porfolio consising of he Index Consiuens. The Exchange is calculaing he Indexes using he below formula. i1 I * I n 1, i1 q * n p q 1 * p d * r * r 1 * j Where, I = Index level a ime q = Number of shares of company i applied in he index a ime p = Price in quoe currency of a share in company i a ime d = Dividend only used for oal reurn Indexes r = Foreign exchange rae of index quoe currency o quoe currency of company i a ime j = Adjusmen facor for adjusing he share price of a consiuen securiy due o corporae acions by he issuing company a ime The formula yields he end of period index value represened by he sum of he previous index value and he periodic percenage change in he marke capialisaion (adjused for corporae acions) muliplied by he previous index value. I.e. I = (1+R) * I -1, where R represens he periodic percenage change in he value of he porfolio consising of he Index Consiuens Price (P) The share price used o deermine he index are he laes price paid, in he local currency Number of shares (S) The number of shares of a company applied in he index, q in he formula in 2.2, is he curren ousanding number of shares. If corporae acions cause adjusmens o he index, he number of shares is changed o fully reflec he new marke capializaion of he company in he index.

6 2.2.3 Foreign Exchange rae Share prices in he Nordic Index are ranslaed ino EURO. Counry indices use local currencies. The currency ranslaion is made afer he las exchange closes Index value The Index value is saed o wo decimal places. OMX GES Ehical was lised a 100 for he firs ime on December 28, Dividends To reflec he rue performance, dividends are reinvesed in OMX GES Ehical index. The reinvesmen is carried ou by adjusing he p -1 in he denominaor in he index wih subracion of dividends from his price on he ex-dividend dae. This adjusmen reinvess he dividend in all index consiuens in proporion o heir respecive weighs. ~ p i, 1 p-1 dividend Trading day The Index is calculaed when a leas one of he four Exchanges, Sockholm, Oslo, Copenhagen and Helsink is open for rading. 2.3 Corporae Acions See Secion 5 in Rules for he Consrucion and Mainenance of he NASDAQ OMX and Oslo Børs All- Share, Benchmark, Tradable and Secor Indexes.

7 3 Limiaion of use/rademark OMXETHICALSE, OMXETHICALDK, OMXETHICALFI, OMXETHICALNO, OMXETHICALNC, NASDAQ, NASDAQ OMX, OMX and any oher rademark regisered by he Exchange/NASDAQ OMX Exchanges or is affiliaes (collecively he Marks ) are he inellecual propery of he Exchange/NASDAQ OMX Exchanges or is affiliaes. Nohing conained herein should be consrued as graning any license or righ o use any Mark wihou he prior wrien permission of he pary ha owns he Mark and he Marks may no be used or referenced any in any way wihou he prior wrien consen of he Exchange/NASDAQ OMX Exchanges. The OMX GES Ehical Indexes may no be used for commercial purposes, e g as a benchmark or as a componen of a pricing or selemen mechanism for funds, financial insrumens, derivaives or oher producs (collecively Financial Producs ), wihou he prior wrien consen of he Exchange/NASDAQ OMX Exchanges.

8 4 Disclaimer NASDAQ OMX shall no be liable in any way for he use of he OMX GES Ehical Indexes and canno be made liable for any losses arising ou of or in connecion wih he use of he index. Neiher he Index Owner nor he Exchange is liable for loss or damage resuling from Swedish or foreign legislaive enacmen, acions of Swedish or foreign auhoriies, war, power failure, elecommunicaion failure, fire, waer damage, srike, blockade, lockou, boyco, or oher similar circumsances ouside he conrol of he Index Owner or he Exchange. The reservaion wih respec o srikes, blockade, lockou and boyco also applies if he Index Owner or he Exchange adops or is he objec of such conflic measures. Neiher he Index Owner nor he Exchange shall be responsible in any circumsance for loss of daa, non-paymen of profis or oher indirec damage. The Index Owner and he Exchange provide no express or implied warranies regarding he resuls which may be obained as a consequence of he use of he OMX GES Ehical Indexes or regarding he values of he OMX GES Ehical Indexes a any given ime. The Index Owner and he Exchange shall in no case be liable for errors or defecs in he OMX GES Ehical Indexes nor obligaed o provide noice of, or publish, errors in he OMX GES Ehical Indexes in any manner oher han ha se forh herein.