Starting with September 20, 2021, 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: "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.”
About FTSE Russell Indices
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%.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of 53 million boe in 2020. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through 789 filling stations, at the end of June 2021, under two brands – OMV and Petrom.
OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, Fondul Proprietatea holds 7%, and 21.4% is the free float on the Bucharest Stock Exchange and the London Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with contributions of approximately 32 billion euro in taxes and dividends paid between 2005 and 2020.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2020, the company has allocated approximately 72 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.
On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change.