If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Saturday, November 25, 2017 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Announcements


Price correction factor for TRP shares in BET-BK BET-XT BET-XT-TR and BET Plus indices starting with July 17th

7/14/2017

Bucharest Stock Exchange (BVB) announces that, starting with July 17th,  2017, the price correction factor ci,T for TERAPLAST S.A. (TRP) which will be considered in calculating the BET-BK, BET-XT and BET Plus indices related to the share capital increase is 1.512821.

In addition, the correction factor ci,T  which will be considered in calculating BET-XT-TR index  is 1.558224 (this factor accounts for the share capital increase as well as the cash dividends distributed by the company). 

The value of ci,T for TRP was determined according to articles 4.2.2. and 4.2.4. of BVB index management rules:

 

“4.2.2. Bonus share issue

If an index constituent carries out a bonus share issue, the price correction factor ci,T is determined as follows:

  number of shares of stock i at time T

 number of shares of stock i at time T-1”

 

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

 

According to Art.1 alin. (1) pct. 62 lit. b) pct.2 of the Preliminary Title, Book I of the BVB Rulebook, the reference price of TRP shares for the trading session of July 17, 2017 is 0.4760.

According to Art. 43 1 (1), Title III, Book I of the BVB Rulebook, the maximum price variation to reference price, as per Art.1 alin. (1) pct. 62 lit. b) pct.2 of the Preliminary Title, will be applied for TRP shares in the trading session of July 17, 2017.

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