- Criteria for admission to index met as of end of February, admission effective as of 21 March
AT&S, one of the global technology leaders for printed circuit boards, is moving up to the Austrian lead index ATX (Austrian Traded Index) according to a decision adopted on 2 March 2016 by the ATX committee, which is in charge of the composition of the index on the Vienna Stock Exchange.
The ATX is the most important stock index calculated by the Vienna Stock Exchange and has existed for 25 years. The index comprises the shares of the 20 largest companies on the Vienna Stock Exchange based on stock market turnover and free float capitalisation.
The criteria used as a basis for the decision of the ATX committee for the admission to the ATX consist of the share’s average daily volume traded in the past 12 months and the free float capitalisation at the closing price at the end of February. AT&S ranked 20th in terms of volume traded and 25th in free float capitalisation, thus moving up to the Austrian lead index for the first time.
“We are very pleased with the admission to the ATX. We consider this step a confirmation of our company strategy, which aims to create sustainable value for investors based on a successful business development. For us, this step is an additional incentive to continue justifying the trust which investors have placed in us by pursuing transparent capital market communication and a positive company development”, says AT&S CEO Andreas Gerstenmayer.
AT&S has been listed on the stock exchange since 17 July 1999, originally in Frankfurt, in the “Neuer Markt” segment. In the year 2008, the change over to the Vienna Stock Exchange, where the shares have been listed in the “Prime Market” segment since 20 May 2008, was completed. The prerequisite for a listing in this segment is the compliance with extended transparency and disclosure obligations.
The admission of the AT&S share to the ATX will become effective on 21 March 2016. The index composition of the ATX is reviewed semi-annually; the next review will take place in September 2016.