WestRock : Customers Bancorp and Ingevity Set to Join the S&P SmallCap 600

NEW YORK, May 9, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:

    --  Customers Bancorp Inc. (NYSE: CUBI) will replace Checkpoint Systems Inc.
        (NYSE: CKP) in the S&P SmallCap 600 after the close of trading on
        Friday, May 13. CCL Industries Inc. is acquiring Checkpoint Systems in a
        deal expected to be completed on or about that date pending final
        approvals.
    --  Ingevity Corp. (NYSE: NGVT) will replace Rex Energy Corp. (NASD: REXX)
        in the S&P SmallCap 600 after the close of trading on Monday, May 16.
        S&P 500 constituent WestRock Co. (NYSE: WRK) is spinning off Ingevity in
        a transaction expected to be completed on Friday, May 13. Post spin-off,
        West Rock will remain in the S&P 500. Rex Energy is ranked near the
        bottom of the S&P SmallCap 600 and is no longer appropriate for that
        index.

Customers Bancorp provides financial products and services. Headquartered in Wyomissing, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Ingevity manufactures and sells specialty chemicals and carbon materials. Headquartered in North Charleston, SC, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.

Following is a summary of the change:

                    S&P SMALLCAP 600 INDEX - MAY 13, 2016
                    -------------------------------------

                   COMPANY                  GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
                   -------                  --------------------   -----------------

      ADDED   Customers Bancorp                  Financials          Regional Banks
      -----   -----------------                  ----------          --------------

     DELETED Checkpoint Systems            Information Technology Electronic Equipment
     ------- ------------------            ---------------------- --------------------

               S&P SMALLCAP 600 INDEX - MAY 16, 2016
               -------------------------------------

               COMPANY                 GICS ECONOMIC SECTOR        GICS SUB-INDUSTRY
               -------                 --------------------        -----------------

      ADDED   Ingevity                       Materials            Specialty Chemicals
      -----   --------                       ---------            -------------------

     DELETED Rex Energy                       Energy            Oil & Gas Exploration &
                                                                       Production
     -------          ----------                         ------   -----------------------

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FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
([phone]
[e-mail]

Soogyung Jordan
Global Head of Communications
New York, USA
([phone]
[e-mail]

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SOURCE S&P Dow Jones Indices