Wejo Group Limited (WEJO) to Join Russell 3000 Index

Wejo Group Limited (NASDAQ: WEJO) has been added as a member of the Russell 3000® Index, effective after the US market opens on June 27, as part of the 2022 Russell indexes reconstitution.

This year’s reconstitution of the Russell indexes captures the 3,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the 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 applicable, 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.

“We are thrilled to be added to the Russell 3000® Index, which is another significant milestone for Wejo as a public company,” said Richard Barlow, Wejo’s Founder and CEO. “As we continue to deliver Smart Mobility for Good to the global marketplace, this important development is a credit to the dedicated and innovative people of Wejo who are transforming data from connected, electric, and autonomous vehicles into products and solutions that unlock value for our customers and deliver on sustainability goals for our partners.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 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.

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