The IMM is the participant in the trading system of the Bucharest Stock Exchange (BVB) that has taken on the role of sustaining the liquidity of a financial instrument.
The total number of financial instruments listed on BVB’s both markets that benefit from the IMM is 23, namely, 22 instruments on the Main Market and one on the AeRO market.
”Issuers on the Bucharest Stock Exchange are increasingly focusing on enhancing the liquidity of their shares, an approach that we have been encouraging and supporting since the establishment of the Issuer Market Maker (IMM) program, whose precise purpose is to create the premises for improving market liquidity. We are pleased with Premier Energy’s decision to contract IMM services from BRK Financial Group, one of the most active intermediaries at BVB in this area. This collaboration can be a key driver to achieve a higher level of visibility for Premier Energy shares among investors, the potential inclusion in international indices and, ultimately, to consolidate its status as a listed company and representative for its field of activity”, stated Adrian Tanase, CEO of Bucharest Stock Exchange.
“Our partnership with BRK Financial Group marks another important step in fulfilling the promise we made when listing Premier Energy on the Bucharest Stock Exchange a year ago – to offer investors access to a vertically integrated and diversified energy group, the first private energy company of its kind on the local market, and to contribute to elevating the investment opportunities within Romania’s energy sector. Beyond strong governance and a resilient business model, we recognize that listed companies have a responsibility to ensure sufficient liquidity, as this plays a key role in reducing investment risk and providing both institutional and retail investors with the comfort they need when entering or exiting a position. This is precisely why we are pursuing this partnership with BRK: to enhance liquidity, strengthen our position among the most traded companies on the Bucharest Stock Exchange, and work towards inclusion in global benchmark indices. All these efforts are aimed at benefiting our investors, and we look forward to continuing to leverage capital market mechanisms to make our stock increasingly attractive,” stated Jose Garza, CEO of Premier Energy Group.
Premier Energy made its debut on the Main Market of the Bucharest Stock Exchange on May 28, 2024 following the largest IPO, at that time, made by an entrepreneurial company in the past five years, which attracted RON695 million (almost EUR140 million). Since September 2024, the shares of Premier Energy are included in BVB’s main index, BET. Its shares are also included in the indices BET-XT, BET-XT-TR, BET-XT-TRN, BET-BK, BET-NG, BET Plus and BET-EF. In September 2024, Premier Energy shares were also included in the MSCI Frontier Market indices.