“Electrica’s inclusion into the FTSE Russell indices series is one of our main objectives for the next period, and signing with the two biggest players on the local market-making market is the optimal measure to achieve this goal, which will implicitly have a positive effect on the market value and visibility of Electrica, for the benefit of our current shareholders, as well as for the benefit of our future investors”, said Alexandru-Aurelian Chirita, CEO of Electrica.
The two liquidity providers will each display firm quotations for buying (BID) and selling (ASK), respectively packages of at least 37,000 shares, for at least 90% of the trading period, at a maximum difference of 2% between quotes.
Electrica is the sixteenth issuer for which BRK Financial Group, the most active broker on the local stock market, provides issuer’s market-making services.
Electrica is the fourth issuer in the portfolio of Wood & Co which is the second largest player on the issuer’s market-making services market.
EL shares have lost 22.3% in 2022, amid deals worth almost RON140 million. The company is 49% held by the Romanian State and is valued at RON2.7 billion, as per stock market data.