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Friday, July 19, 2019 
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Price correction factor for TLV shares in BET-TR and BET-XT-TR indices starting from June 4th

6/3/2019

Bucharest Stock Exchange (BVB) announces that, starting from the 4th of June 2019, the share price correction factor ci,T for 2018 dividends of BANCA TRANSILVANIA S.A. (TLV) to be considered in calculating BET-TR and BET-XT-TR indices is 1.078886.

The value of ci,T for TLV shares were 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:

where

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.