BVB’s new index and set of IR and reporting criteria

UniCredit Bank S.A.
Summary: 
BVB launches a new BET Total Return index (BET-TR) and introduces a set of IR and reporting criteria to be applied for the companies to be included in the BET and BET-TR indices
Wed, 03/09/2014

Dear Client,

This month the Bucharest Stock Exchange (BVB) will launch a new index: BET Total Return (BET-TR) which will include the shares of the BET index and, in the same time, will take into consideration the dividends for the index member companies.

BET-TR will show the performance of its members, as it considers not only the market price, but also the dividends, offering this way its member companies the information on the total return. BET-TR will be the first total return index on the BVB. The BET-TR index structure will be disseminated on 12 September 2014 and will become effective as of 22 September 2014.

Bucharest Stock Exchange also informs market participants that it has decided to introduce a set of IR and reporting requirements for its main indices (BET and BET-TR), as one of the steps toward compliance with the qualitative MSCI and FTSE criteria related to obtaining the emerging market status. The minimum list of criteria that will apply starting from 1 January 2015 is as follows:

  • reporting of financial statements according to the IFRS;
  • reporting in the English language, for both current and periodic reports, and submitting to the Bucharest Stock Exchange simultaneously with the Romanian language reports;
  • organizing the events dedicated to investors and analysts (conference calls or analyst & investor meetings) on a quarterly basis, following the release of the financial results.

Impact on investors: First BVB total return index (BET-TR) will be launched in September. Starting from January 2015, companies from BET and BET-TR indices and other eligible issuers will be closely monitored in order to evaluate their compliance with the new set of IR and reporting rules.