THE WOODLANDS, Texas,
June 27, 2016 /PRNewswire/
-- Layne Christensen Company (NASDAQ: LAYN)
("Layne") 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 close of market on
June 24, 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. Caliel, President and
Chief Executive Officer. "This inclusion demonstrates the progress
we have made over the last year in building shareholder value and
will expose our company to a wider audience of investors."
Approximately $6 trillion in
assets are benchmarked to 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).
Layne Christensen Company
Layne is a global water management, construction and drilling
company, providing responsible solutions to the world of essential
natural resources — water, minerals and energy. We offer
innovative, sustainable products and services with an enduring
commitment to safety, excellence, and integrity.
Contacts:
J. Michael Anderson
Chief Financial Officer
281-475-2694
michael.anderson@layne.com
Dennard Lascar Associates
Jack Lascar
713-529-6600
jlascar@dennardlascar.com
[LAYN-F]
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SOURCE Layne Christensen Company