William Hill

William Hill (UK): Constituent Deletion - Further Update

Further to the notices released 26 March 2021, 29 March 2021 and 30 March 2021 regarding the Scheme of Arrangement in relation to the cash offer for William Hill (UK, 3169889, GEIS Small Cap, FTSE 250 Index) by Caesar Entertainment Inc. FTSE Russell notes that the outcome of todays court sanction is still unknown. As a change in treatment at this stage would not afford index users with the required minimum notice period, and in accordance with 2.14 of the Corporate Actions and Events Guide for Market Capitalisation Weighted Indexes, FTSE Russell confirms that William Hill will be removed from all FTSE Russell indexes (with the associated replacement company added to the FTSE 250 Index) after UK market close tonight (as detailed within the 29 March 2021 notice).

In the event that the court subsequently determines that the scheme of arrangement should not proceed, or that implementation of the scheme should be delayed pending further court hearings, FTSE Russell will publish a further notice with respect to the re-inclusion of William Hill (and deletion of Mitie Group from the FTSE 250 Index) following the publication of the judgement.