OMV Petrom included in FTSE Russell Emerging Markets indices
Starting with September 20, OMV Petrom (ticker symbol SNP), the largest energy company in South-Eastern Europe, will be included in the indices of the global supplier FTSE Russell, as a result of meeting eligibility criteria, including the shares liquidity and the size of market capitalization. These indices are: FTSE Global All-World, FTSE Global All-Cap, FTSE Global Total-Cap and FTSE Global Mid Cap.
Alina Popa, CFO, member of the OMV Petrom Executive Board, said: “We appreciate the inclusion of OMV Petrom shares in the FTSE Russell indices, which shows the attractiveness of our company’s shares as an investment option. It is the result of our continuous effort to improve operational and financial performance and also to increase transparency for our company. With the inclusion in these indices we expect an additional increase in the attractiveness of OMV Petrom shares for a wider and more diversified investor base.”
FTSE Russell Emerging Markets indices are part of FTSE Global Equity Index Series (GEIS), which include over 16,000 large, mid, small, and micro cap securities across 49 developed and emerging markets globally, with a wide range of modular indexes available to target specific markets and market segments.
For inclusion in the FTSE indices, companies must meet various criteria, one of the most important being liquidity, namely that in 10 of 12 months of the reference period (in this case July 1, 2020 – June 30, 2021), the ratio between the monthly median of the daily trading values and the stock free float market capitalization should be higher than 0.05%.