Delisting | DESCENTE LTD | 24th January 2025

On August 5, 2024, BS INVESTMENT CO, a subsidiary of ITOCHU Corp, announced its intention to launch a tender offer to acquire all outstanding shares of DESCENTE LTD not already owned. BS INVESTMENT CO announced the tender offer period will be from October 1, 2024, until October 29, 2024 (20 business days). The offer price is set at JPY 4350 per each DESCENTE LTD share held. On October 30, 2024, the tender offer result is released, and BS INVESTMENT CO holds 85.92% of issued share capital after the tender offer. On November 29, 2024, DESCENTE LTD announced a shareholder extraordinary general meeting is scheduled to be held on December 25, 2024, and the shares are expected to be delisted on January 24, 2025.

The treatment below will be applied to the following indices:

• DESCENTE LTD will be removed from the Index.
• The weight of DESCENTE LTD (8114.T) based on its last close price will be distributed pro rata to remaining Index constituents.
• Effective Date (open): 24/01/2025

RAFI Fundamental Select Developed ex US 1500 NTR Index
RAFI Fundamental Select Developed ex US 1500 PR Index
RAFI Fundamental Select Developed ex US 1500 TR Index