Electrica To Be Included In FTSE Russell Indices

Yesterday, Electrica published the announcement on BVB that it fulfilled the criteria of the FTSE Russell with a view to the inclusion of Electrica shares in the FTSE Global Equity Index Series (GEIS).

Yesterday, Electrica announced on BVB about the fulfillment of the criteria of the global index provider FTSE Russell, with a view to the inclusion, for the first time, of Electrica [EL RO Equity] shares in the FTSE Global Equity Index Series (GEIS). The inclusion is based on FTSE Russel global provider methodology. Electrica shares met the capitalization criteria and passed the liquidity test – median daily trading turnover exceeded 0.05% of free float shares), so far this year.

Consequently, Electrica’s shares will be included in Global All Cap Index and FTSE Global Mid Cap Index (requiring total mcap of ~ EUR 520m. 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. 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. Finally, we emphasize that Electirca’s share price increased YTD by 40.7%, outperforming BET itself by a 8.7 notable p.p.

Electrica’s share price

Source: Bloombeg, InterCapital Research

Category : Flash News

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