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Thursday, October 17, 2019 
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Price correction factor for TGN shares in BET-TR and BET-XT-TR indices starting with June 24th


Bucharest Stock Exchange (BVB) announces that, starting with the 24th of June 2019, the share price correction factor ci,T for 2018 dividends of S.N.T.G.N. TRANSGAZ S.A. (TGN) to be considered in calculating BET-TR and BET-XT-TR indices is 1.062360 .

The value of ci,T for TGN 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:


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.