Price correction factor for SNP shares in BET-TR and BET-XT-TR indices starting from May 22nd

5/21/2019

Bucharest Stock Exchange (BVB) announces that, starting from the 22nd of May, the share price correction factor ci,T for 2018 dividends of OMV Petrom S.A. (SNP) to be considered in calculating BET-TR and BET-XT-TR indices is 1.076487.

The value of ci,T for SNP 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.