Following an annual review of WSE equity market indices, CD PROJEKT S.A. stock is set to join WIG20, which aggregates twenty of the largest and most liquid companies on the Warsaw Stock Exchange.
According to the Stock Exchange Board statement of 1 March 2018, changes in the composition of WIG20 will become effective on 16 March 2018 at the close of the trading day. CD PROJEKT S.A. will contribute 3.38% to the WIG20 index.
Advancing to WIG20 marks an important moment in the history of CD PROJEKT S.A. stock market presence. We regard it as symbolic validation of our business philosophy, which consistently prioritizes quality, eschews compromises and spurs us to raise the bar ever higher. As a result, throughout the 8-year period since we originally joined WSE, i.e. since May 2010, our market capitalization has grown over 100 times. – says Piotr Nielubowicz, Vice President of the Board and CFO.
Joining the blue-chip index carries major prestige and recognition, and will doubtlessly promote interest in the Company on the part of investors and market analysts alike. It proves that the market trusts us, but it also entails fresh responsibilities and challenges, especially in the context of communication with capital market representatives. – remarks Karolina Gnaś, Director for Investor Relations.
In 2017 CD PROJEKT S.A. stock also became part of prestigious international indices – FTSE and MSCI. CD PROJEKT is also the first representative of the videogame industry to join the WIG20 index.
WIG20, maintained since 16 April 1994, is based on the stock portfolio of 20 largest and most liquid companies traded on the Warsaw Stock Exchange Main Market. It is a capitalization-weighted index, which means that it bases solely on futures transactions and does not take into account dividend revenues. Each market segment may be represented in WIG20 by at most five stocks.