The Bulgarian Stock Exchange reports that after a revision of the SOFIX index base, the stock of Stara Planina Hold Plc is out of the index for the next 6-month period.
The stock of Stara Planina Hold Plc was entered into SOFIX exactly 10 years ago. The SOFIX index base is calculated using a formula includes several coefficients: Free-float, Market cap, Median weekly turnover, Number of deals and Average value of the spread.
Since the beginning of the year the share price has dropped by 20%. In this trend and in order to support the stock, the Board of Directors announced a procedure for buyback of own shares from the capital of Stara Planina Hold Plc.