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Montauk Renewables Set to Join Russell 3000® Index, Added to MSCI USA Small Cap Index
PITTSBURGH, June 15, 2022 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk” or “the Company") (NASDAQ: MNTK), a renewable energy company specializing in
About this update from Montauk Renewables, Inc.
[{"type":"text","content":"PITTSBURGH, June 15, 2022 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (\"Montauk” or “the Company\") (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), today announced that it will join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3. In addition, Montauk Renewables was recently added to the MSCI Global Small Cap Indexes within the MSCI USA Small Cap Index, which became effective after the market close on May, 31, 2022. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. 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. “Montauk’s upcoming inclusion in the Russell 3000® Index and recent addition to the MSCI USA Small Cap Index, demonstrates our recent progress and marks another significant capital markets milestone for the Company following our initial public offering and listing on the Nasdaq in January 2021,” commented Sean McClain, President and Chief Executive Officer. “We welcome the increased exposure to the institutional investor community as we continue to execute against our strategic plan to optimize our existing operations and position ourselves for further growth with on-going evaluation of various strategic opportunities.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website. The MSCI Global Small Cap Indexes captures small cap representation across 23 ...