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Delphi Technologies Set to Join S&P MidCap 400 and Frontier Communications to Join S&P SmallCap 600

NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Delphi Technologies plc (NYSE: DLPH- new) will replace Frontier Communications Corp. (NASD: FTR) in the S&P MidCap 400, and Frontier Communications will replace Contango Oil & Gas Co. (NYSE American: MCF) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, December 6. S&P 500 constituent Delphi Automotive plc (NYSE: DLPH), to be renamed Aptiv plc and trade under new symbol APTV, is spinning off Delphi Technologies in a transaction expected to be completed post close on Monday, December 4, pending final conditions. The renamed Aptiv plc will remain in the S&P 500 following the spin-off transaction. Frontier Communications is ranked near the bottom of the S&P MidCap 400 and is no longer representative of the mid-cap market space. With a market capitalization below $100 million, Contango is ranked at the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.

Delphi Technologies manufactures power train vehicle propulsion systems. Headquartered in Gillingham, United Kingdom, the company will be added to the S&P MidCap 400 GICS Auto Parts & Equipment Sub-Industry index.

Frontier Communications provides communications services to residential, business and wholesale customers. Headquartered in Norwalk, CT, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.

Following is a summary of the changes:

S&P MidCap 400 INDEX – DECEMBER 6, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Delphi
Technologies

Consumer Discretionary

Auto Parts & Equipment

DELETED

Frontier
Communications

Telecommunication Services

Integrated Telecom
Services



S&P SMALLCAP 600 INDEX – DECEMBER 6, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Frontier
Communications

Telecommunication Services

Integrated Telecom
Services

DELETED

Contango Oil &
Gas

Energy

Oil & Gas Exploration &
Production

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FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com

Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com

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SOURCE S&P Dow Jones Indices