RTL Group moves up into MDAX
Jörn Krieger | 05-09-2013
RTL Group has been informed by the German stock exchange Deutsche Börse that the commercial broadcast group will be included in the German MDAX stock index as of 23 September.
This decision follows the regular index review held on 4 September and reflects both the free-float market capitalisation and the order book volume of shares listed in Frankfurt.
"We are pleased that RTL Group's shares have been included in the prestigious MDAX index. This follows our successful public offering and listing in Frankfurt which already led to the inclusion in the SDAX", Elmar Heggen, chief financial officer of RTL Group, said. "With our leading market positions and high levels of profit and cash flow, RTL Group has a strong track record of delivering value for its shareholders. Our inclusion in the MDAX index is recognition of this and should also provide additional interest for RTL Group shares in the future."
RTL Group's shares have been listed on the regulated market (Prime Standard) of the Frankfurt stock exchange since 30 April 2013 in addition to the existing listings on the Luxembourg stock exchange and Euronext Brussels. In June 2013, the company's shares were included in the SDAX index. Since the first day of trading in Frankfurt, RTL Group's share price has been up 33.8%, outperforming both the DAX index (+4.1%) and MDAX index (+8.3%) in the same period.
Following the public offering in April 2013– which has been the largest in Europe so far this year and the biggest media IPO since 2004 – main shareholder Bertelsmann now holds 76.4% of RTL Group's ordinary shares. The free float increased significantly to 22.8%. The remaining shares are treasury shares.