Irish stock exchange leaves Anglo weighting unchanged

The Irish Stock Exchange has left Anglo Irish Bank’s Iseq free float weighting unchanged despite the recent acquisition by billionaire investor Sean Quinn and his family of a 15 per cent stake in the bank.

20th September, 2008

The Irish Stock Exchange has left Anglo Irish Bank’s Iseq free float weighting unchanged despite the recent acquisition by billionaire investor Sean Quinn and his family of a 15 per cent stake in the bank.

The exchange, headed by Deirdre Somers, classifies a quoted company’s free float based on the number of shares that are considered available for trading and which are not held by strategic or long-term investing.

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