Saturday | March 25, 2023 |
Market Status: CLOSED

Market News


BITTNET SYSTEMS SA - BNET

Bittnet enters the BET-XT, BET-XT-TR, BET-BK, BET-Plus indices

Release Date: 9/10/2020 8:31:47 AM

IRIS Code: F46F9

Current Report no. 48 / 2020

 

Current report according to

Law 24/2017, FSA Reg. 5/2018

Date of report

10.09.2020

Name of the issuing entity

BITTNET SYSTEMS S.A.

Legal Adress

Soimus Street, no. 23, bl. 2, Sc. B, 2nd Floor, Ap. 24, District 4

Adress

Timisoara Blbv. no. 26, Plaza Romania Offices Building, 1st Floor, District 6, Bucharest

Telefon/Fax

021.527.16.00 / 021.527.16.98

Fiscal Code

21181848

Number with the Trade Registration

J40/3752/2007

The market where the securities issued are traded:

Segment: Main Market;  Category: Standard

Ticker

BNET – shares

BNET22, BNET23, BNET23A, BNET23C – bonds

Subscribed and paid share capital

21,632,474 RON

Total number of shares

216.324.740 shares face value RON 0.10 per share

 


BNET enters the BSE Indices

 

BITTNET SYSTEMS S.A. (hereinafter referred to as the "Company") informs investors about the decision of the Bucharest Stock Exchange Indices Committee, published on September 9th 2020, to include the Company's shares in the following BVB indices: BET-XT (Bucharest Exchange Trading Extended Index), BET-XT-TR (Bucharest Exchange Trading Extended Total Return Index), BET-BK (Bucharest Exchange Trading Benchmark Index) si BET-Plus (Bucharest Exchange Trading Plus Index). The changes at the level of the above indices will take place from 21 September 2020.

 

The inclusion in the indices of the most traded issuers from BSE comes after BNET shares were admitted to the Regulated Market on June 3rd, 2020. The inclusion of BNET shares in the BET-XT, BET-BK and BET-Plus indices was based on indicators such as liquidity, market capitalization and free-float and confirms the evolution of Bittnet's market value and liquidity of shares. This is of particular importance to us because it allows investment funds that use these indices as benchmark, to invest in BNET stock.

 

The share of the BNET symbol in the index component, the values corresponding to free float factors (FF), representation factors (FR), liquidity factors (FL) and price correction factors (FCi) will be determined on the basis of the number of shares and the closing quotation recorded at the end of the trading day from September 11, 2020.

 

About BSE Indices

 

BSE indices reflect the evolution of the prices of the most traded companies or the evolution of certain representative sectors, such as the financial sector or the energy sector. As a calculation methodology, all BSE indices are price indices weighted with free float capitalization, with maximum limits for the component companies. With the exception of the BET-TR and BET-XT-TR indices, which are adjusted for dividends, the other indices only reflect the evolution of market prices.

 

BET-XT tracks the price changes of the 25 most traded companies listed on BSE’s Regulated Market, including the financial investment companies.

 

BET-XT-TR is the total return version of BET-XT index, which includes the 25 most traded Romanian companies listed at BSE. BET-XT-TR tracks the price changes of its constituent companies and is adjusted to also reflect the dividends paid by them.

 

BETPlus index is a free float market capitalization weighted index of the Romanian companies (except the financial investment companies) listed on BSE’s regulated market meeting the minimal selection criteria related to liquidity and free-float market capitalization.

 

BET-BK was designed to be used as a benchmark by asset managers and other institutional investors. The calculation methodology reflects on legal requirements and investment limits applying to investment funds.

 

President of the Board

Mihai-Alexandru-Constantin LOGOFATU

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved