GENEVA, SWITZERLAND — (Marketwired) — 11/12/13 — Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX)(OMX: ETX), a solar independent power producer, announced today that the Company will be added to the OMX Stockholm Benchmark index (OMX: OMXSB) effective December 2, 2013.
Marco A. Northland, Etrion–s Chief Executive Officer, commented, “We are pleased to be selected for the OMX Stockholm Benchmark index, a popular Swedish benchmark index for institutional investors. The addition of Etrion to the index gives us exposure to index-tracking funds and reflects the increased liquidity of our shares in Stockholm.”
The OMXSB index includes the 68 largest and most traded stocks across ten sectors. The weighting of the stocks is based on market value adjusted by free float. The index serves as an indicator of the overall trend on NASDAQ OMX Stockholm and is intended to offer a cost effective index that an investor can replicate.
Securities in the index must meet specific eligibility criteria, including a turnover screening. The OMXSB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December, respectively.
About Etrion
Etrion Corporation is an independent power producer (“IPP”) that builds, owns and operates utility-scale solar power generation plants. The Company owns 17 solar power plants in Italy with approximately 60 MW of installed capacity. The Italian operations generate more than US$40 million of annual earnings before interest, taxation, depreciation and amortization (“EBITDA”). Etrion is also developing solar power projects in Chile, including a 70 MW solar park in partnership with Total SA. The Company is listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden under the ticker symbol “ETX”. Etrion–s largest shareholder is the Lundin family, which owns approximately 25% of the Company–s shares directly and through various trusts.
For additional information, please visit the Company–s website at .
Contacts:
Etrion Corporation
Pamela Chouamier
Investor Relations
+41 (22) 715 20 90