Nuclearelectrica signs market maker contract with BRK Financial Group to enhance liquidity

Societatea Nationala Nuclearelectrica (SNN), the sole producer of nuclear power and nuclear fuel using CANDU 6 type technology in Romania, will benefit as of March 11th from the issuer’s market-making services provided by SSIF BRK Financial Group (BRK), one of the most active brokerage companies trading on the Bucharest Stock Exchange (BVB).

„Nuclearelectrica’s shares were the most performant in the BET index in 2019, registering the highest increase. In compliance with BVB strategy of transition to a mature market, Nuclearelectrica intends to be included in the FTSE Russell index of the London Stock Exchange and for this purpose, it aims to increase its liquidity and implicitly, the value of its shares by access of a large a diverse number of new investors to its shares. The potential inclusion in the FTSE Russell index will have a benefic impact on the market capitalization of Nuclearelectrica’s shares and on their value. The market making services provided by SSIF BRK Financial Group represent a solution to increase the liquidity of SNN shares on the local market with a benefic impact for the shareholders of SNN and on potential investors”, stated Cosmin Ghita, Nuclearelectrica CEO.

Nuclearelectrica was established in 1998, and as of 2013 it is listed on the Bucharest Stock Exchange and it is one of the most liquid companies, being included in the indices BET, BET-TR, BET-XT, BET-XT-TR, BET-BK, BET-NG, BET-Plus, as well as in the ROTX index (developed by BVB together with Vienna Stock Exchange. It tracks, in real-time, the price changes of the ‘blue chip’ shares traded on the Bucharest Stock Exchange).