Energy – Electrica shares join the FTSE Russell indices starting with March 18 – Brief

🎉 Electrica shares join the FTSE Russell indices starting with March 18.
➡️ Romania will thus have 15 companies in the structure of the indices dedicated to emerging markets.

Alexandru Chiriță, Electrica CEO |
“FTSE Russell’s recognition of Electrica underscores our resilience and strategic positioning in the market and represents an important reconfirmation of the effectiveness of the chosen development strategy and of our action plans. The inclusion in the FTSE Russell indices opens the way to a much wider investment universe. This year, in which we celebrate 10 years since the admission to trading on the Bucharest Stock Exchange, we aim to continue to ensure further a high level of transparency in investor relations, to strengthen the confidence of our current investors and to attract new ones.”

Adrian Tănase, Bucharest Stock Exchange CEO | “The inclusion of Electrica in the FTSE Russell indices dedicated to Emerging Markets strengthens Romania’s position in the indices structure of FTSE Russell, a global indices provider, with a company of strategic importance for our country’s economy. At the same time, this inclusion publicly recognizes the success of Electrica’s sustained initiatives to improve its liquidity and deserves our congratulations for this success.”

Electrica, a Romanian energy company with majority private capital, has been listed on BVB since July 2014, following the largest initial public offering (IPO) in the history of the stock exchange, at that time, a value of EUR 444 million, being also the only privatization through the stock exchange with both a majority stake and a capital increase.

Romania is also represented by the shares of seven other companies in FTSE Global All Cap indices, namely Banca Transilvania (TLV), Hidroelectrica (H2O), MedLife (M), Nuclearelectrica (SNN), OMV Petrom (SNP), One United Properties (ONE) and Teraplast (TRP). Starting March 18, Electrica (EL) will also join.

Also, as of March 18, the FTSE Global Micro Cap indices include the shares of seven Romanian companies: Aquila (AQ), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bucharest Stock Exchange (BVB), Conpet (COTE), Purcari Wineries (WINE) and Sphera Franchise Group (SFG).

The promotion of Romania by FTSE Russell, in September 2020, among the Emerging Markets opened the way for the capital market to a much wider investment universe, and with the increase in the number of investors, the demand for Romanian assets is higher, which will also translate into a better valuation of listed companies and, therefore, through an increase in local market capitalization.

Source: https://bvb.ro/press/2024/Actiunile%20Electrica%20intra%20in%20indicii%20FTSE%20Russell.pdf

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