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Price correction factor for EL and BVB shares in BET-TR and BET-XT-TR indices starting from June 6th

6/5/2019

Bucharest Stock Exchange (BVB) announces that, starting from the 6th of June 2019:

- the share price correction factor ci,T for 2018 dividends of SOCIETATEA ENERGETICA ELECTRICA S.A. (EL) to be considered in calculating BET-TR and BET-XT-TR indices is 1.069063.

- the share price correction factor ci,T for 2018 dividends of BURSA DE VALORI BUCURESTI S.A. (BVB) to be considered in calculating BET-TR and BET-XT-TR indices is 1.051710.

 

The value of ci,T for EL and BVB shares were determined according to the 4.2.4 article of BVB index management rules:

 

“4.2.4 Distribution of cash dividends

If an index constituent decides to distribute cash dividends to its shareholders, regardless of their source, the price correction factor ci,T is determined as follows:

where

Pi,T-1   : closing price of symbol i at time T-1;   

Di,T    : gross dividend payable for symbol i, for which time T is the ex-date”

 

 

For more information, please feel free to contact us at indices@bvb.ro.