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Sunday, May 19, 2019 
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Price correction factor for ELMA shares in BET-XT-TR index starting with May 14th

5/13/2019

Bucharest Stock Exchange (BVB) announces that, starting with the 14th of May 2019, the share price correction factor ci,T for 2018 dividends of ELECTROMAGNETICA SA (ELMA) that will be considered in calculating BET-XT-TR index is 1.030075.

The value of ci,T for ELMA 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.