- Electrica, BRK Financial Group, and Roca Industry were selected for the new program to support investor relations and enhance liquidity for listed companies. This is a joint programme by the European Bank for Reconstruction and Development (EBRD) and Bucharest Stock Exchange (BVB);
- The three companies will benefit from consultancy services by VERTIK to improve visibility and liquidity in the capital market.
The European Bank for Reconstruction and Development (EBRD), the Bucharest Stock Exchange (BVB), and VERTIK have selected three companies to participate in the “Investor Relations and Liquidity Support Program” launched in Romania earlier this year. Within the program aimed at improving investor relations and increasing the liquidity of listed companies’ shares, Societatea Energetică Electrica (BVB symbol: EL), BRK Financial Group (BVB symbol: BRK), and Roca Industry Holding (BVB symbol: ROC1) have been selected. The three companies will benefit from consultancy services provided by specialist consultants from VERTIK to develop an investor relations
strategy aimed at improving their visibility and liquidity in the capital market.
Attila Toth, Director, Capital & Financial Markets Development Team, European Bank for Reconstruction and Development: “We congratulate the selected companies, who will receive concrete support tailored to their needs in shaping an Investor Relations strategy. We believe this will have a positive impact on the attractiveness of the companies on Romania’s capital market. The success of listed companies depends on their ability to build an active market for their shares which attracts and maintains the attention of investors.”
Adrian Tănase, CEO of the Bucharest Stock Exchange:
“We are pleased with the high interest from the 12 issuers that applied within the Program, in improving investor relations, which we consider key to the development of our capital market. BVB has attracted numerous individual investors in recent years, while the assets managed by institutional investors are growing. As a result, the increased supply of capital is in search of successful companies and professional management teams that can deliver and communicate results.”
Alexandru Chiriță, CEO of Electrica:
“Electrica, one of the leaders in the energy sector and the only electricity distribution operator, supplier and producer listed in Romania is currently working on its new medium and long-term corporate strategy, which will be, on top of its core-business, focused on renewables and sustainability. We want investor relations to be an integral part of it, playing a key role in
increasing the market value of the company, by enhancing liquidity and visibility in the capital market. We are happy to have support in this endeavour from our partner ever since the admission to trading in 2014, EBRD. “
Monica Ivan, CEO of BRK Financial Group:
“In our dual capacity as a listed company and an active intermediary on the segment of financial operations of potential issuers, with outstanding results in recent years, we aim to identify new synergies by improving our own investor relations, and by the transfer of the know-how acquired in this process to the entrepreneurial companies we assist in their listing and post-listing endeavours. “
Ioan-Adrian Bindea, Managing Director and Chairman of the Board of Directors ROCA Industry:
“We are targeting the transfer to the Regulated Market of the Bucharest Stock Exchange less than 2 years after listing, a period in which we have had an accelerated evolution of the business, both through organic growth and the acquisition of 6 companies. Throughout this time we have been constantly preocupated with attracting new investors, ensuring that we maintain transparent communication. ROCA Industry is the first publicly listed building materials holding company in Romania that develops and scales Romanian entrepreneurial businesses into regional champions. In all our endeavours we pay special attention to sustainability policies, and to this end we are developing a comprehensive long-term strategy, with a focus on good corporate governance, in order to generate performance in the Romanian industry and on the capital market.”
The “Investor Relations and Liquidity Support Program” is managed by Daniela Șerban, Managing Partner at VERTIK, along with a team of consultants with a combined experience of 60 years in IR and PR. The program aims to improve the visibility in the capital market for the selected listed companies. The program is financially supported to the extent of 80% by KTACF – the Technical Cooperation Program for Capital Market Development, financed by the Government of Korea. The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) launched the program in Romania in January 2023, expected to conclude at the beginning of next year.
VERTIK provides integrated consultancy services for Investor Relations and Public Relations strategies and activities. The services offered are tailored to each individual company and implemented by a team of professionals. The company collaborates with companies listed on both the Main Market and AeRO, as well as those interested in issuing stocks or bonds.
About the Bucharest Stock Exchange:
The Bucharest Stock Exchange, a fundamental institution of the capital market, is the only securities market operator in Romania. The Bucharest Stock Exchange, listed on its own market since 2010, is part of the BVB Group, which includes the
Central Depository, the institution responsible for registry and settlement operations in Romania. In October 2019, the CCP.RO central counterparty was established, which will take over the securities transactions clearing function in Romania and contribute to the relaunch of the derivatives market at the local exchange. The cumulative market capitalization of all listed companies on the Bucharest Stock Exchange (local and international) exceeds 58 billion EUR (as of July 17, 2023). In 2022, the BET index reached 20 companies for the first time in its history. Starting this month, Romania will have 14 listed companies included in the FTSE Russell indices dedicated to emerging markets, and 12 Romanian companies included in the MSCI Frontier IMI indices (Investable Market Indexes), since now Hidroelectrica is a recently listed company. For more information about the Bucharest Stock Exchange, please visit www.bvb.ro.
About the European Bank for Reconstruction and Development:
EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurship in 38 economies across three continents. The bank is owned by 71 countries and the EU and EIB. EBRD investments aim to make economies in its regions competitive, well-governed, green, inclusive, resilient, and integrated. To date, EBRD has invested over 10 billion euros in more than 500 projects in Romania.
Dana Badea, [email protected], +40722665631