ELSA meets criteria for inclusion in FTSE Russell

Societatea Energetica Electrica SA

20 December 2023

 

Announcement

Electrica announces compliance with criteria for inclusion in the international FTSE Russell Indices

Electrica informs its shareholders and investors on the degree of fulfilment of the criteria of the global index provider FTSE Russell, with a view to the inclusion, for the first time, of Electrica (EL) shares in the FTSE Global Equity Index Series (GEIS).

Based on the internal monitoring, in line with the FTSE Russell global provider methodology, Electrica shares met the capitalisation criteria throughout 2023 and, also, passed the liquidity test (median daily trading volumes to exceed 0.05% of the number of free float shares) in 10 out of the 12 months in 2023.

Therefore, according to the methodology and thresholds published by FTSE Russel, Electrica shares will be included in the Global All Cap Index and, considering the capitalization thresholds of the FTSE Global Equity Index Series (GEIS) published in November 2023, Electrica's shares will be included in the FTSE Global Mid Cap Index (which requires a total capitalization of more than USD 570 million).

An announcement from FTSE Russell officially confirming the inclusion of Electrica shares in the mentioned indices is expected to come around 15 February 2024, and the actual inclusion will be made starting with the trading session on 19 March 2024.

"Increasing the median liquidity of Electrica's shares and the inclusion in the FTSE Russel indices is a further step in line with our objective to create shareholder added value, through better liquidity distribution and minimizing volatility, and this inclusion into the indices will contribute to a significant increase in the visibility of Electrica's shares among international institutional investors, as well as the development of the Romanian capital market" said Alexandru-Aurelian Chirita, Electrica's CEO.

Thus, Electrica announces the fulfilment of the inclusion criteria in the FTSE Russell international indices, as soon as possible, after only one year from entry into force of 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.

In December 2023, Electrica shares had the best evolution in the entire year 2023 and beyond, managing to meet the FTSE Russell liquidity criteria, in the first 10 out of 10 sessions, while recording the best monthly yield of almost 20% at the end of the session on 15 December 2023, which marks the best aggregate yield since the beginning of the year (including dividend) of 44.1%, even outperforming BET-TR (40.3%).

During the month of December 2023, Electrica's shares also exceeded two psychological thresholds, 10 lei (nominal value) and 11 lei (listing price), which is the maximum of the last 2 years. 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 just 10 sessions in December, Electrica's shares recorded the highest turnover in more than 3 years, of 4.4 million shares.

Contact details:

Electrica Investor Relations

E-mail: [e-mail]

Telefon: [phone]

CEO

Alexandru-Aurelian Chirita

 

END