innogy SE will enter MDAX
- As of 19 December, innogy will be included in the second most important German stock index
innogy SE welcomes its inclusion in the MDAX stock index of the Deutsche Börse, which becomes effective as of 19 December 2016. The announcement was made by Deutsche Börse yesterday evening after reviewing the index. Thus the shares of innogy, which made its successful debut on the stock market as recently as the beginning of October, will be included in the second most important German stock index before the end of the year.
Bernhard Günther, CFO of innogy SE, considers the MDAX inclusion as confirmation of innogy’s financial strength: “I’m pleased that just a good two months after the successful IPO, innogy will be included in the MDAX. This highlights the fact that innogy shares are financially strong.”
The MDAX is made up of the 50 largest stock-market listed companies in Germany below the DAX. Based on fixed inclusion criteria, Deutsche Börse decides on the composition of the share index. In addition to a listing in the Prime Standard and a free float of at least ten per cent, other decisive factors include free float market capitalisation as well as trading volume.
Since 7 October 2016, innogy’s shares trade on the Prime Standard sub-segment of the Frankfurt Stock Exchange under International Securities Identification Number (ISIN) DE000A2AADD2, securities identification number (WKN) A2AADD and the ticker symbol IGY. 23.2 per cent of innogy’s shares are free floating.