Admission in the FTSE Russell Indices

Societatea Energetica Electrica SA

28 February 2024

 

Announcement - 28 February 2024

Electrica announces the official admission of its shares in international FTSE Russell Indices

Electrica informs shareholders and investors that its shares have been admitted for the first time ever for inclusion in the FTSE Global Equity Index Series (GEIS), and that the effective entry into FTSE Russell indices will take place starting with the trading session on 18 March 2024.

The index committee of the global provider FTSE Russell confirmed on Tuesday evening, 27 February 2024, that Electrica shares met all the criteria for inclusion in the FTSE Global Equity Index series (GEIS), namely FTSE All-World, FTSE Global All-Cap and FTSE Global Total-Cap indices. Electrica's shares fall into the Mid Cap category, considering the total capitalization.

"Electrica's shares inclusion into the FTSE Russell Indices is a remarkable achievement, which honors us and makes us accountable at the same time, an achievement we owe to all our investors, this year, when we celebrate 10 years from the admission to trading. The fulfillment of the FTSE Russell criteria in the first year in which we set out to do so represents an important reconfirmation of the efficiency of the implementation of our strategy. I am proud of our team's work. When I took over the management of the company, we started from a historical minimum for Electrica's shares amid the energy crisis.Currently the price is almost double, the liquidity is much improved and there are great prospects for the year that just started.", said Alexandru-Aurelian Chirita, CEO of Electrica.

The fulfilment of the criteria for inclusion in FTSE Russell international indices comes just one year after the entry into force of the two market-maker contracts for the issuer (IMM - Issuer Market Maker), optimally calibrated, with BRK Financial Group S.A. and Wood & Company Financial Services a.s. Prague.

According to the FTSE Russell methodology, Electrica's shares met the capitalization criterion throughout 2023 and passed the liquidity test (median daily trading volumes exceeded 0.05% of the number of free float shares) in 10 of the 12 months of 2023.

In December 2023, Electrica shares had the best run in all of 2023 and beyond, managing to meet the monthly liquidity criterion according to FTSE Russell in the first 10 sessions out of 10, while registering the best monthly yield of 17.4%, which marks the best aggregate yield (including dividend) since the beginning of the year, of 43.4%, even surpassing BET-TR (39.9%).

During December 2023, Electrica's shares reached a maximum in the last two years, of 11.56 lei, and also exceeded two psychological thresholds, 10 lei (nominal value) and 11 lei (listing price). Previously, the last time Electrica's shares closed at a price above 10 lei was on 23 February 2022 (10.04 lei), and the most recent closing at over 11 lei was on 12 January 2022 (11.02 lei). At the same time, in December, Electrica's shares recorded the highest monthly turnover in more than 3 years, of 5.9 million shares.

Detail contact:

Investor Relations - Email: [e-mail] ; Phone: [phone]

CEO

Alexandru-Aurelian Chirita

 

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