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Price correction factor for IARV shares in BET-XT-TR index starting with June 14th


Bucharest Stock Exchange (BVB) announces that, starting with 14th of June 2018, the price correction factor ci,T for IAR SA Brasov (IARV) which will be considered in calculating the BET-XT-TR index is 1.025877.


The value of ci,T for IARV was 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 : 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.