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UNIQA Insurance Group New in the ATX

Published: March 5, 2014; 08:59 · (Vindobona)

The ATX Committee decided to include the two companies, UNIQA Insurance Group and Flughafen Wien to the ATX today.

Uniqa and Flughafen Wien will replace Strabag SE and EVN AG. / Picture: © Uniqa / Kristian Bissuti

These replace EVN AG and STRABAG SE. The changes to the composition of the ATX will take effect on 24 March 2014. It had become apparent that UNIQA would be added to the index already last autumn after the capital increase. The free float of the insurance company and trading volumes in the stock increased steeply on the back of this transaction and were the main reasons for the decision to include the stock in the leading index. The decisive criterion for adding Flughafen Wien to the ATX was the stock's significant price gain and therefore higher market capitalization (free float capitalization). The leading Austrian index contains the 20 largest and most frequently traded stocks listed on the Vienna Stock Exchange.

Furthermore, the ATX-Committee discussed the possible impact in case of the potential spin-off of BUWOG AG from Immofinanz AG. The realisation of the transaction, announced by Immofinanz AG on 12 February 2014, could potentially lead to a direct exclusion of Immofinanz AG from the ATX five-Index. The final decision of the ATX-Committee will be announced as soon as the parameters of the transaction will be available in more detail.

The Index Committee reviews the composition of the Austrian indices and decides on new additions twice a year. The decision to add a stock to an index is based on the daily average trading volumes and free float capitalization of a company. These factors are published once a month in the "ATX Watchlist". Furthermore, the Committee decides on adjustments to the weighting factors in the index. Representatives of institutional investors, trading members of the Vienna Stock Exchange, academia and the Vienna Stock Exchange contribute their experience in the Index Committee.

About the Vienna Stock Exchange

The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which includes the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group is the largest stock exchange group in the region. In addition to the four stock exchanges, CEESEG operates three commodity exchanges and holds stakes in five clearing systems (CCPs) and two central securities depositories (CSDs). CEESEG makes access and trading on the local markets easier with the aim of improving liquidity. The CEESEG stock exchanges cooperate with 12 exchanges in Central and Eastern Europe and are highly appreciated worldwide for their unique CEE know-how.