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Tuesday, December 11, 2018 
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Price correction factor for SIF Oltenia SIF5 shares in BET-XT-TR index starting from October 2nd


Bucharest Stock Exchange (BVB) announces that, starting with 2nd of October 2018, the price correction factor ci,T for 2017 dividends for SIF OLTENIA (SIF5) that will be considered in calculating the BET-XT-TR index is 1.033816.

The value of ci,T for SIF5 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”


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