TeraPlast Group’s performance are recognized by the upgrade the company’s shares to a higher category within the MSCI indices. Starting the 1st of September, TRP securities will be upgraded from Small Cap to Mid Cap / Large Cap and will be part of the MSCI Frontier and MSCI Romania indices.
The reclassification is part of the quarterly review of the indices, and TeraPlast, together with five other Romanian companies, has moved to a higher level of classification, which represents a validation of the company’s attractiveness, a confirmation of its robust evolution and future development prospects.
“We consider that this upgrade is a direct result of our work, of TeraPlast Group as a pillar of the Romanian economy and a group with a relevant footprint at regional level from the standpoint of the largest polymer processor in Central and South-Eastern Europe. We are aware that our visibility will increase, we will become attractive to new categories of investors and we are ready to deliver even more value to our shareholders, whom we thank for their trust and for being by our side regardless of the momentary trends in the capital markets. Compared to the moment of listing, July 2, 2008, the market cap of TeraPlast increased more than four times, and currently the value of the Group has exceeded one billion lei. We have developed intensively as a business in recent years and, at the same time, we have paid increased attention to improving our investor relations activity and the liquidity of TRP shares, key elements in increasing the attractiveness of the company. As a result, ever since the beginning we are one of the companies with a score of 10/10 on Vektor that evaluates the IR activity of issuers, and we are consistently at the top of the BSE liquidity by volume.” said Alexandru Stânean, CEO of TeraPlast.
TRP was also upgraded to the FTSE Russell indices in September 2021 when it moved to Small Cap and Global All Cap from Micro Cap and Total Cap. The TeraPlast share was also included by the Vienna Stock Exchange in the CECE MID CAP and ROTX EUR indices.
TeraPlast Group is today the largest polymer processor in Central and SouthEastern Europe, a position it reached following an intensive investment program, which exceeded 800 million lei in total. In the 15 years of presence on the capital market, an investment in TRP securities brought a return (including dividends) of more than 450%.
