FTSE - Re Flextech PLC

RNS Number:3991J
FTSE
19 April 2000


Technical Release

Flextech PLC: Merger Offer by Telewest Comms. PLC wholly Unconditional
                       Changes in FTSE Indexes


Following the merger offer for Flextech PLC by Telewest Communications
PLC being declared wholly unconditional, FTSE announces the following
changes:


INDEX                     CHANGE                        EFFECTIVE FROM
                                                        START OF TRADING
                                                        ON:
                                                        
FTSE World Index          Telewest (0655452) shares     20 April 2000
                          will be increased by 606m to
                          2,888m.
                          
FTSE World Index Ex-      Telewest shares will be       20 April 2000
Multinationals            increased as above.
FTSE Eurotop 300          Telewest shares will be       20 April 2000
                          increased as above.
FTSE 100                  Telewest shares will be       20 April 2000
                          increased as above.
FTSE 250                  Flextech (0343233) will be    20 April 2000
                          replaced by Chloride Group
                          PLC (0195207).
FTSE All-Share            Flextech will be deleted.     20 April 2000
                          Telewest shares will be
                          increased as above.
FTSE All-Share Ex-        Telewest  shares will be      20 April 2000
Multinationals            increased as above. Flextech
                          will be deleted.
                          
FTSE 350 - Lower Yield    Flextech will be replaced by  20 April 2000
                          Chloride Group PLC. Telewest
                          shares will be increased as
                          above.
FTSE techMark All-Share   Telewest  shares will be      20 April 2000
                          increased as above.



Comments


Notes for Editors:

Background to FTSE:

FTSE  is  one  of  the  world's leading experts in  the  creation  and
management of equity indexes and is jointly owned by the London  Stock
Exchange and the Financial Times. With offices in London, New York and
Paris,  FTSE services clients in 77 countries worldwide.   It  manages
and  develops globally recognised indexes ranging from the FTSE  World
Index  to  the  real time FTSE Eurotop series and the  FTSE  100.  The
company  has  collaborative arrangements with the  London,  Amsterdam,
Brussels,  Norex,  Athens, Luxembourg and Madrid stock  exchanges,  as
well as with Nikkei of Japan (Nihon Keizai Shimbun, Inc).
     
FTSE  indexes  are  used  extensively  by  investors  world-wide   for
investment analysis, performance measurement, asset allocation and for
creating  a wide range of index tracking funds. Committees  of  senior
fund   managers,   derivatives  experts,  actuaries  and   experienced
practitioners independently review all changes to the indexes ensuring
that they are accurate, timely and without bias.

For further information please contact Client Services on +44 (0) 20
7448 1810 and US: +(1) 212 771 6595
Or, email your enquiries to info@ftse.com and visit our website at
www.ftse.com


END
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