AROBS Transilvania Software shares will join the FTSE Russell indexes

The shares of AROBS Transilvania Software, the largest Romanian technology company listed on the Bucharest Stock Exchange, will be included in the FTSE Russell Emerging Markets Index from March 18, 2024. AROBS shares will be included in the FTSE Micro Cap index structure, as announced by the global index provider on February 16 following its quarterly review.

Thus, Romania will have 14 companies included in the FTSE Russell Emerging Markets Indices from 18 March (seven in the FTSE Global All Cap Indices and seven in the FTSE Global Micro Cap Indices).

“The Romanian equity market receives an important international reconfirmation of its growth potential with the latest decision by FTSE Russell to include a new company in the stock market indices dedicated to emerging markets. We note that the number of Romanian companies present in the FTSE Russell indices continues to grow, which is a positive signal for retail and institutional investors and companies listed or preparing for listing. With the inclusion of AROBS, as of 18 March 2024, Romania will be represented in the FTSE Russell emerging markets indices by 14 companies operating in sectors representative for the country’s economy”, said Radu Hanga, President of the Bucharest Stock Exchange.

“The increase in the number of companies listed on the Bucharest Stock Exchange in the FTSE Russell indices reflects the development of the Romanian capital market through an increased level of interest and confidence from international investors in Romanian companies, the local business environment and the country’s economy as a whole. We are continuing our capital market development projects, such as the implementation of the Central Counterparty, the Issuer Market Maker program, the increase in the number of analysis reports published on the BVBResearch.ro platform, the attraction of new issuers and investors, and I am convinced that together with the 14 companies present since March in the FTSE indices we will further stimulate investor interest”, said Adrian Tanase, Bucharest Stock Exchange CEO.

AROBS is a creator of customised solutions for international partners and software products for more than 11,000 customers in Europe and Asia. The company is present in 11 locations in Romania and eight abroad, and AROBS’ 1200+ specialists are building the solutions of the future in Automotive, Embedded, Medical, Space, Marine, Life Sciences, Travel, IoT, Fintech, Enterprise, and Intelligent Automation.

“We are thrilled that with AROBS inclusion in FTSE Russell, the exposure of Romanian entrepreneurial companies to global investors is increasing. Today’s announcement delivers on the promise we made to the investors at the transfer to the Main Market of the Bucharest Stock Exchange to have AROBS shares included in the global reference indices. This inclusion opens up new opportunities regarding the company’s growth and visibility on global markets, increasing liquidity and diversifying AROBS’s shareholding. The next target is the inclusion of AROBS shares in the local indices’ universe, BET, on which we are currently working intensely,” stated Voicu Oprean, founder and CEO of AROBS.

The company was listed on the Bucharest Stock Exchange at the end of 2021, following the largest private placement of shares on the AeRO market, which attracted RON 74.2 million (EUR 14.8 million) from investors. AROBS has been present on the main market of the BVB since September 2023.

Romania is represented by the shares of seven companies in the FTSE Global All Cap indices, namely Banca Transilvania, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties and Teraplast.