S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
REVISION - A Share Distribution and Price Adjustment in the S&P/TSX Composite
TORONTO, Dec. 28, 2012 /CNW/ - S&P Canadian Index Services will make the
following changes in the S&P/TSX Canadian Indices:
On December 17, 2012, shareholders of Petrobank Energy and Resources Ltd.
(TSX:PBG) and PetroBakken Energy Ltd. (TSX:PBN) confirmed the arrangement
agreement between the companies announced on October 29, 2012. All shares of
PetroBakken Energy currently held by Petrobank will effectively be spun out to
shareholders, including currently unlisted Class B shares which will convert
to Class A common shares on a 1-for-1 basis. As a result of the increase in
the number of float shares of the company, the relative weight of PetroBakken
Energy will increase in the S&P/TSX Composite and Capped Composite, the
S&P/TSX Completion, the S&P/TSX Capped Energy, the S&P/TSX Composite Dividend
and the S&P/TSX Equity Income Indices. There will be no weight change
effective in the S&P/TSX Composite Equal Weight or the S&P/TSX Composite High
Beta Indices. The close price of Petrobank will decrease by 1.1 times the
close price of PetroBakken and new divisors will be generated for all indices
where Petrobank is a constituent. These changes will be effective after close
on Monday, December 31, 2012.
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Tony North Director, Canadian Index Operations S&P Dow Jones Indices
David Blitzer Managing Director and Chairman of the Index Committee S&P Dow
Jones Indices firstname.lastname@example.org 212-438-3907
SOURCE: Standard & Poor's Canadian Index Operations
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CO: Standard & Poor's Canadian Index Operations
NI: FIN FIN
-0- Dec/28/2012 17:59 GMT
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