The Bulgarian Stock Exchange reports that after a revision of the SOFIX index base, the stock of Stara Planina Hold Plc is included in the SOFIX index base as of 23 March 2020.
The stock of Stara Planina Hold Plc was entered SOFIX in 2009 and was removed from the index during the rebalancing in September 2019. 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.
Over the last 6 months the share price has been moving in the range from BGN 4.80 to BGN 5.50. 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. Last November Stara Planina Hold Plc purchased one hundred and five thousand own shares representing 0.5% of the company's capital.