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Price correction factor for M shares in BET BET-TR BET-BK BET-XT BET-XT-TR and BET PLUS indices starting with December 20th

12/19/2017

Bucharest Stock Exchange (BVB) announces that, starting with 20th of December 2017, the price correction factor ci,T for MEDLIFE S.A. (M) which will be considered in calculating the BET, BET-TR, BET-BK, BET-XT, BET-XT-TR and BET Plus indices related to the share capital increase is 1.000815.

 

The value of ci,T for M was determined according to articles 4.2.3. of BVB index management rules:

 

4.2.3. The right to subscribe to new shares at a lower price than the market price

If an index constituent offers to its shareholders the right to subscribe new shares at a lower price than the market price, the price correction factor ci,T is determined as follows:

 

price of stock i at time T-1

 

subscription price for the new shares

 

subscription ratio for the new shares

 

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