Aquila (AQ), the largest player on the consumer goods distribution market with over 26 years of experience, has been included in the main index BET and in BET-TR, the total return version of BET. Thus, BVB increases for the first time the BET and BET-TR indices to 20 companies, the maximum number. The Index Committee took the decision on March 9th and the changes will become effective on March 21st.
‘The extension of the BET index responds to the latest developments in the market: last year's listing of three companies on the main market, the increase in the number of retail investors, but also trading volumes and good prospects for the listed companies. The inclusion of AQ shares supports a better representation of the stock market sectors in the BET and BET-TR indices, as sectoral diversification is a key element in the investment strategy for both institutional and retail investors’, said Adrian Tanase, Bucharest Stock Exchange CEO.
‘The inclusion of Aquila in the BET index honors us and motivates us to accelerate the implementation of our growth strategy. Aquila is now one of the 20 key companies on the capital market which are part of the most well-known index of the Bucharest Stock Exchange. This decision, taken shortly after the successful listing on the Bucharest Stock Exchange, is a confirmation of Aquila's performance in recent years and its growth potential. The inclusion in the BET index is an important achievement, which increases the visibility of Aquila in the global investor community’, said Jean Dumitrescu, Investor Relations Director, Aquila.
The inclusion of Aquila in the BET index, respectively BET-TR, takes place three months after the company’s listing on the Main Market, from November 29, 2021. The listing took place after the successful conclusion of an Initial Public Offering (IPO) worth RON 367 mn (EUR 74 mn), the largest IPO conducted so far by an entrepreneurial company on the Romanian capital market. The company's capitalization is RON 1bn (EUR 203,6mn).
The weights of the indices’ components will be determined based on the number of shares and closing prices registered at the end of the trading session of March 11, 2022. The new structures of BVB indices will be announced at the end of March 11, 2022 and will become effective starting with March 21, 2022. Aquila shares will also be part of the following indices: BET-TRN, BET-XT, BET-XT-TR, BET-XT-TRN, BET-BK and BET Plus.
BET Index: 20 companies
BET (Bucharest Exchange Trading index) is the first index developed by BVB and includes the most traded stocks on the local market. The total return version of BET is BET-TR index. Set up on September 19th, 1997, BET had a maximum of 10 companies for nearly two decades. In March 2017, it was extended to 12 companies by including Conpet and MedLife. By mid-2017, BET was expanded to 13 companies, with the inclusion of DIGI Communications. In September 2018, two other companies were included: Sphera Franchise Group and Purcari Wineries. In March 2019, the BET index was expanded to 16 companies, after the inclusion of ALRO. In March 2020, the index was extended to 17 companies by the inclusion of TeraPlast. In September 2021, the index was extended to 19 companies after the inclusion of One United Properties and Transport Trade Services.
As of March 21, 2022, the 20 companies that are part of the BET and BET-TR indices will be: Aquila Part Prod Com (AQ), Alro (ALR), Banca Transilvania (TLV), BRD - Groupe Societe Generale (BRD), Bursa de Valori Bucure?ti (BVB), Conpet (COTE), DIGI Communications (DIGI), Electrica (EL), Fondul Proprietatea (FP), MedLife (M), OMV Petrom (SNP), Nuclearelectrica (SNN), One United Properties (ONE), Purcari Wineries (WINE), Romgaz (SNG), Sphera Franchise Group (SFG), TeraPlast (TRP), Transgaz (TGN), Transelectrica (TEL) and Transport Trade Services (TTS).