Wejo Group Limited added to membership of Russell 3000® Index

Rhea-AI Summary

Wejo Group Limited has been added to the Russell 3000® Index, effective June 27, following the 2022 reconstitution. This inclusion ranks Wejo among the 3,000 largest US stocks based on market capitalization. As a member, Wejo is automatically placed in either the Russell 1000® or Russell 2000® Index. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Wejo, a leader in cloud and software analytics for vehicle data, aims to enhance mobility through data insights, serving over 18.6 million vehicles.

Positive

• Inclusion in the Russell 3000® Index reflects Wejo's growth and stability.
• Access to a broader investor base due to index membership can enhance stock liquidity.

Negative

• None.

MANCHESTER, England--(BUSINESS WIRE)-- Wejo Group Limited (NASDAQ: WEJO) (“Wejo” or the “Company”), a global leader in cloud and software analytics for connected, electric and autonomous vehicle data, 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.

About Wejo:

Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous vehicles, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. Wejo enables Smart Mobility for Good™ smarter mobility by organizing trillions of data points collected from approximately 18.6 million vehicles, of which 13.0 million were active on the platform during the prior six months transmitting data in near real-time, and 77 billion journeys as of May 31, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo employs more than 300 people and has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit: www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell.

For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220608005410/en/

Investors:

Tahmin Clarke

investor.relations@wejo.com

Media:

Ben Hohmann

Ben.hohmann@wejo.com

Source: Wejo Group Limited

FAQ

What does the inclusion in the Russell 3000® Index mean for Wejo?

Inclusion signifies Wejo's recognition among the largest US stocks, potentially increasing investor interest and stock liquidity.

When does Wejo's membership in the Russell 3000® Index take effect?

Wejo's membership will take effect after the US market opens on June 27.

How many vehicles does Wejo analyze?

Wejo analyzes data from approximately 18.6 million vehicles.

What is the significance of Russell indexes for investors?

Russell indexes are widely used benchmarks for investment strategies, managing around $10.6 trillion in assets.