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| Athens Exchange | Joint Press Release
Cyprus Stock Exchange, Tel Aviv Stock Exchange, Athens Stock Exchange and FTSE Group
FTSE - Mediterranean 100 Index | | February 10, 2003
FTSE –Mediterranean 100 Index
Representatives of Athens Exchange, Tel-Aviv Stock Exchange and Cyprus Stock Exchange had a meeting today in the presence of officials from the Global Index provider FTSE Group, at the CSE offices in Nicosia, for the purpose of finalising the agreement for a joint stock market index, the FTSE Mediterranean 100 Index, within the framework of the co-operation between the four participants.
The FTSE-MED 100 Index will be composed of 100 stocks of the three Exchanges, some of which are also listed on US and other European stock markets. The market capitalization is almost $50 billion.
The final structure of the Index and its initial constituents, will be finalised by FTSE Group in April 2003, in accordance with the relevant procedure which takes place every six months, with the aim of commencing the operation of the Index on the third week of May 2003.
The three Exchanges are also going to invite other Mediterranean Exchanges to participate in the Index.
Nicosia, 10 February 2003
Contact:
Lyndsey Davey
FTSE Group
44 207 448 1821
media@ftse.com
Mrs Lito Ioannidou
Athens Exchange
210 3366 250
l.ioannidou@ase.gr
Ofer Simchony
The Tel Aviv Stock Exchange
972 3 5677406
offers@tase.co.il
Mr Nicos Tripatsas
Cyprus Stock Exchange
357 22 712420
info@cse.com.cy
| | For further information, please contact: Mr. Dimitris Domalis, Information Manager, Athens Exchange at +30 210-3211-835 or our International IR Advisor, Mr. Nicolas Bornozis, President, Capital Link Inc, in New York on (212) 661 7566. This information can be also accessed in Athens Exchange website at www.ase.gr, and Capital Link's website at www.capitallink.com with historical company |
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