International Minerals to be Included in Swiss Performance Index (SPI) on Swiss Stock Exchange
Thursday, August 20th 2009
International Minerals Corporation announce that it has been accepted for inclusion in the Swiss Stock Exchange (“SIX”) prestigious Swiss Performance Index (the “SPI”), effective August 24, 2009.
IMZ is currently the only precious metal mining company listed on the Swiss Stock Exchange and the first ever gold company to be included in the SPI. In addition, IMZ is one of only 11 foreign companies listed on the SPI.
With the addition of IMZ, the SPI will comprise 228 companies with a recent total market capitalization of approximately CHF832 billion (US$778 billion), led by the world-renowned companies Nestle, Novartis and Roche. IMZ estimates that it will be ranked in the top 40% of companies in the SPI with a weighting of approximately 0.04%.
Inclusion in the SPI is expected to increase IMZ exposure in Switzerland and to open doors to Swiss funds and investors that can only purchase companies that are listed in the SPI.
The next official SPI adjustment date will be the third week of September, when the updated weightings (based on market value, turnover and free float) will be issued by the SIX. The SPI Total Return trading symbol is SXGE while the SPI Price’s symbol is SPIX.