Post by icemandios on Jun 8, 2021 13:54:31 GMT
Item 8.01 – Other Information.
On June 8, 2021, Sesen Bio, Inc. (the “Company”) announced that at the conclusion of the 2021 Russell indexes annual reconstitution, the Company is expected to be included in the Russell 3000 ® Index effective after the US market opens on June 28, 2021, according to a preliminary list of additions.
In connection with inclusion on the Russell 3000 ® Index, the Company anticipates leading indexes that follow Russell indexes to purchase shares of the Company’s common stock prior to June 28th, potentially expanding the Company’s exposure to a broader investment community.
Membership in the US all-cap Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
More information on the Russell 3000 ® Index and the Russell indexes reconstitution is available at the “Russell Reconstitution” section on the FTSE Russell website.
On June 8, 2021, Sesen Bio, Inc. (the “Company”) announced that at the conclusion of the 2021 Russell indexes annual reconstitution, the Company is expected to be included in the Russell 3000 ® Index effective after the US market opens on June 28, 2021, according to a preliminary list of additions.
In connection with inclusion on the Russell 3000 ® Index, the Company anticipates leading indexes that follow Russell indexes to purchase shares of the Company’s common stock prior to June 28th, potentially expanding the Company’s exposure to a broader investment community.
Membership in the US all-cap Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
More information on the Russell 3000 ® Index and the Russell indexes reconstitution is available at the “Russell Reconstitution” section on the FTSE Russell website.