Bursa de Valori Bucuresti : 6/13/2018 - Price correction factor for IARV shares in BET-XT-TR index starting with June 14th
Bucharest Stock Exchange(BVB) announces that, starting with 14thof June 2018, the price correction factor ci,Tfor IAR SA Brasov (IARV)which will be considered in calculating the BET-XT-TR index is 1.025877.
The value of ci,Tfor 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,Tis 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'
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Bucharest Stock Exchange published this content on 13 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 June 2018 16:42:05 UTC