Willbros Joins Russell Indexes
HOUSTON, June 27, 2016 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that the Company has been added to the broad market Russell 3000®, small-cap Russell 2000®, and Russell Global Indexes effective after the market opens on June 27, 2016 in association with Russell Investments' annual reconstitution of its comprehensive set of U.S. and global equity indexes.
"We are pleased to be included in the Russell indexes," said Michael J. Fournier, President and Chief Executive Officer. "We believe that our inclusion in the widely utilized Russell indexes will broaden our shareholder base and increase the visibility of our company."
Approximately $6 trillion in assets are benchmarked to the Russell indexes, which are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 3000 Index, representing about 98% of the investable US equity market, is comprised of the US large cap Russell 1000 Index (the largest 1,000 US listed stocks by market capitalization) and the US small cap Russell 2000 Index (the next 2,000 largest US listed stocks by market capitalization).
Willbros is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. For more information on Willbros, please visit our web site at www.willbros.com.
CONTACT:
Stephen W. Breitigam
VP Investor Relations
Willbros
713-403-8172
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/willbros-joins-russell-indexes-300289668.html
SOURCE Willbros Group, Inc.
HOUSTON, June 27, 2016 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that the Company has been added to the broad market Russell 3000®, small-cap Russell 2000®, and Russell Global Indexes effective after the market opens on June 27, 2016 in association with Russell Investments' annual reconstitution of its comprehensive set of U.S. and global equity indexes.
"We are pleased to be included in the Russell indexes," said Michael J. Fournier, President and Chief Executive Officer. "We believe that our inclusion in the widely utilized Russell indexes will broaden our shareholder base and increase the visibility of our company."
Approximately $6 trillion in assets are benchmarked to the Russell indexes, which are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 3000 Index, representing about 98% of the investable US equity market, is comprised of the US large cap Russell 1000 Index (the largest 1,000 US listed stocks by market capitalization) and the US small cap Russell 2000 Index (the next 2,000 largest US listed stocks by market capitalization).
Willbros is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. For more information on Willbros, please visit our web site at www.willbros.com.
CONTACT:
Stephen W. Breitigam
VP Investor Relations
Willbros
713-403-8172
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/willbros-joins-russell-indexes-300289668.html
SOURCE Willbros Group, Inc.