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Tuesday, November 19, 2019 
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Price correction factor for EL shares in BVB indices starting with October 23rd

10/22/2019

Bucharest Stock Exchange (BVB) announces that, starting with 23rd of October 2019, the price correction factor ci,T for SOCIETATEA ENERGETICA ELECTRICA S.A. (EL), related to the share capital increase, which will be considered in calculating BET, BET-TR, BET-NG, BET-BK, BET-XT, BET-XT-TR and BET Plus indices is 1.000173.

The value of ci,T for EL was determined according to the 4.2.3 article of BVB index management rules:

4.2.3. The right to subscribe to new shares at a lower price than the market price

If an index constituent offers to its shareholders the right to subscribe new shares at a lower price than the market price, the price correction factor ci,T is determined as follows:

According to Art.1 alin. (1) pct. 62 lit. b) pct.2 of the Preliminary Title, Book I of the BVB Rulebook, the reference price of EL shares for the trading session of October 23rd, 2019 is 11.10 RON/share;

According to Art. 431 (1), Title III, Book I of the BVB Rulebook, the maximum price variation to reference price, as per Art.1 alin. (1) pct. 62 lit. b) pct.2 of the Preliminary Title, will be applied for EL shares in the trading session of October 23rd, 2019.

For more information, please feel free to contact us at indices@bvb.ro.