Price correction factor for TGN shares in BET-TR and BET-XT-TR indices starting from November 7th


Bucharest Stock Exchange (BVB) announces that, starting from 7th of November 2017, the price correction factor ci,T for S.N.T.G.N. TRANSGAZ S.A. (TGN) which will be considered in calculating the BET-TR and BET-XT-TR indices is 1.037864.

The value of ci,T for TGN 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    : dividend payable for symbol i, for which time T is the ex-date”


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