Admiral sails into the FTSE 250 - Wins Best European small/mid-cap IPO deal of the year
Admiral Group plc ("Admiral") is delighted to announce that it has been included in the FTSE 250 index following the quarterly review of the UK Index Series, as announced by FTSE today.
Admiral was ranked 189th largest FTSE company, according to the FTSE ground rules, which give a 40% weighting to the Company's total market capitalisation of £829.4m (at market close on 7 December 2004), based on its free float of 37.4%.
All announced index changes will be effective on Monday, 20 December 2004, as announced by FTSE today.
Admiral also recently won a prestigious Financial News for Excellence Award, as "Best European small/mid-cap IPO Deal of the Year", announced by Financial News on 1 December.
Henry Engelhardt, CEO, said: "We are very proud to be joining the FTSE 250 in the first review of the index since our flotation in September. It means that we are officially classified among the larger medium-sized companies, giving us a stronger profile with investors.
"Winning the 'Best European small/mid-cap IPO Deal of the Year' award last week, after having won 'Business of the Year' in the National Business Awards earlier in November simply puts the icing on the cake of what has been an extremely eventful year for Admiral. We want to thank and congratulate everyone for contributing to these great achievements."