- Adjustments due to spin-off of Vitesco Technologies Group AG from Continental AG
- DAX calculation on 16 September with 31 companies
ZUG (September 10, 2021) Qontigo’s global index provider STOXX Ltd. has announced an unscheduled change to the DAX index. Following the spin-off of Vitesco Technologies Group AG from Continental AG, an adjustment of the DAX index is required: On 16 September 2021, Vitesco Technologies Group AG will be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.
Vitesco Technologies Group AG will enter the index with a price of zero. The total number of shares and free float used for the company in the index are given by the parent share (Continental AG) in the index and the ratio for the spin-off. At the closing of Xetra-trading on 16 September, Vitesco Technologies Group AG is taken out of the DAX index again, and the Continental AG weighting will be adjusted accordingly.
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