REG - S.N.G.N. Romgaz S.A. - ROMGAZ - 10 years on the Bucharest Stock Exchange

Societatea Nationala de Gaze Naturale Romgaz SAAnnouncement

13/11/2023 10:15

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RNS Number : 2434T  S.N.G.N. Romgaz S.A.  13 November 2023

November 13, 2023

 

A N N O U N C E M E N T

Romgaz, the largest producer and main supplier of natural gas in Romania,
celebrates the 10-year anniversary of its listing on the Bucharest Stock
Exchange

 

·    Romgaz celebrates the 10-year anniversary of its listing on the
Bucharest Stock Exchange, under the ticker symbol SNG

·    From the initial public offering in 2013 to the end of October 2023,
the company's capitalization increased by 52%

·   In the same period, investors made over 549 thousand transactions with
over 326 million Romgaz shares, worth over RON 10 billion

 

Societatea Națională de Gaze Naturale Romgaz S.A (https://www.romgaz.ro/) ,
the largest producer and main supplier of natural gas in Romania, celebrates
the 10-year anniversary of its listing on the Bucharest Stock Exchange, under
the ticker symbol SNG
(https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=SNG)
. The company shares have been traded on the stock exchange since 12 November
2013. On 13 November 2023, the company capitalization was RON 17.9 billion,
which makes it the 4(th) largest listed company, by capitalization.

 

"This is a special day marked as a landmark in our history - a decade of stock
exchange listing for ROMGAZ. This stage accounted for a commitment towards
shareholders, mainly by increasing transparency and taking a decisive step
towards a sustainable and responsible development. Our team showed
perseverence and tireless work, yielding value for shareholders on an ongoing
basis. This success would not have been attainable without the support and
trust of our investors, who stood by our side at every stage of the company
development. In the decade since its listing, ROMGAZ has achieved peak
performances in the natural gas industry. The quoted price of the ROMGAZ share
on the stock exchange has reached the historical maximum of RON 52.2/share
during the trading session of 27 June 2022, which has led to a top
capitalization of RON 19.93 billion. Investors' increased interest was due to
the fact that ROMGAZ acquired a stake in the Neptun Deep perimeter, as well as
to the outstanding financial results achieved by the company. We have
succeeded in strengthening our position of a key player in the energy sector
by maintaining our commitment towards stability and safety in the supply of
natural gas. With a forward-looking vision, our wish is to adjust our business
model to the current challenges and opportunities. Our commitment is not
focused only on meeting the current energy demands, but also on ensuring a
cleaner and more sustainable energy future for the future generations.",
stated Răzvan Popescu, ROMGAZ General Manager.

 

"We are celebrating one decade of operation on the local exchange of a company
seen as a benchmark in the Romanian economy, Romgaz, which has an extensive
background, laying the foundation for the natural gas industry in Romania.
Today, firmly anchored in the dynamic of the present times, Romgaz is the
largest producer and main supplier of natural gas in Romania, implementing
national projects and diversifying its business, thus standing out as an
example of a successful issuer which draws the attention of institutional
investors. At the Bucharest Stock Exchange, Romgaz, whose major shareholder is
the Romanian State, is one of the most traded companies, while its shares
cover a significant rate in the BVB indexes. Given the good liquidity of SNG
in the last period, we hope to soon see Romgaz also present in the indices of
global index provider FTSE Russell for emerging markets, and we also expect
Romgaz to play an important role in the potential promotion of the Romanian
capital market to emerging market status from MSCI. With a stock
capitalization increase of 52% compared to its IPO, with a total yield of
171%, Romgaz is definitely an illustrative example of the performance a
State-owned company can achieve on the Bucharest Stock Exchange.", stated
Adrian Tănase, CEO of the Bucharest Stock Exchange.

 

Romgaz was listed on the BVB Regulated Market on 12 November 2013, after it
had successfully implemented a cumulated initial secondary public offering of
RON 1.7 billion, on the local exchange and the London Stock Exchange. For
Romania, the company listing was one of the highest offers for sale of shares
gained by the Romanian State through BVB.  In the 10 years of listing,
investors have performed over 549 thousand transactions with over 326 million
shares, amounting to more than RON 10 billion. At the end of the trading
session of Friday, 10 November, the capitalization of Romgaz amounted to RON
17.9 billion, which means over 50% increase compared to the capitalization
from the IPO. Also taking into account the dividends distributed by the
company over these years, the investment made in SNG shares has brought a
yield of 171% since listing to date, while the yield of the company share
price is 52%. In the 10 years since listing, the company has distributed
dividends worth RON 13.4 billion. The largest shareholder of Romgaz, with 70%
shareholding, is the Romanian State, through the Ministry of Energy.

 

Since December 2013, Romgaz has been added to the BET reference index of the
Bucharest Stock Exchange, which includes now top 20 most traded companies on
the local exchange. It has also been added to the BET-XT, BET-BK and BET-NG
indexes. In the BET-NG sectoral index, which shows the trend of companies
listed on the BVB regulated market, whose main business is energy and related
utilities, Romgaz ranks third, with a rate of 17.37%. The company shares are
also included in the BET-BK, BET-TRN, BET-XT, BET-XT-TR, BET-XT-TRN and
BETPlus indexes. Moreover, Romgaz shares are included in the MSCI Frontier IMI
(Investable Market Index) indexes dedicated to frontier markets. Since 16 May
2023, Romgaz has benefited from the Issuer Market Marker services provided by
Raiffeisen Bank International.

 

Romgaz is also a partner in the BVB Research Hub project, which is an
initiative of the Bucharest Stock Exchange, launched as a platform offering
fundamental analysis reports about the companies listed on the local stock
exchange, information and educational materials about capital markets and ESG
data.

 

For more information:

Bianca Dascălu, Marketing and Communication, Bucharest Stock Exchange,
e-mail: bianca.dascalu@bvb.ro (mailto:bianca.dascalu@bvb.ro)

Romgaz press office: comunicare@romgaz.ro (mailto:comunicare@romgaz.ro)

 

 

Chief Executive Officer,

Razvan POPESCU

 

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