Price correction factor for TEL shares in BET-TR and BET-XT-TR indices starting from January 3rd


Bucharest Stock Exchange (BVB) announces that, starting from the 3rd of January 2019, the share price correction factor ci,T for 2017 dividends for C.N.T.E.E. TRANSELECTRICA S.A. (TEL) that will be considered in calculating the BET-TR and BET-XT-TR indices is 1.044196.


The value of ci,T for TEL was 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:


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”


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