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FAQ

The Budapest Stock Exchange indices are due for review in early March. As the date approaches, it is worth taking a look at what changes are expected in the BUX.

Whether a stock is included or excluded is decided by the so-called Index Committee, which makes a recommendation to the CEO of the stock exchange. Before making a recommendation, the committee checks that a number of conditions are met, and it also has a subjective discretion.
THE BUX CURRENTLY HAS 15 MEMBERS, WITH THE POSSIBILITY OF 10 MORE SHARES, SO A LACK OF SPACE SHOULD NOT PREVENT ASPIRANTS.
Source: BSE
In stock market circles, attention is focused on the performance of the Vienna Insurance Group, which was listed last year, and the turnover of Zwack shares. However, VIG is still a new player on the Budapest trading floor and the committee may not be in a hurry to make a decision. Zwack, on the other hand, was delisted from the BUX in autumn 2018 and investors have been waiting for it to return ever since.

However, based on the turnover data, Delta Technologies Plc. could be a strong candidate. Indeed, a comparison of turnover and market capitalisation data at the end of January shows that in the months since the last review, Delta has moved up to 12th place on the BSE turnover top list, which means it can now follow five stocks currently in the BUX index basket. A further important criterion is that, if it were to be included in the index, it would have to represent an appropriate weighting in relation to the total value of the shares in the public float of the basket in relation to the total public float of the basket.

Delta is ahead of AKKO Invest, which is already a BUX Index member, in terms of public capitalisation and would be above the minimum criterion of 0.1%, so that in the spirit of the Code, Delta meets the objective criteria for inclusion in the BUX Index.
The Index Committee has the possibility, subject to objective criteria, to classify as lightweight those Index basket aspirants whose weight in the basket is between 0.1 per cent and 0.3 per cent. If a series of shares is classified as a small-capitalisation share after the objective criteria have been met, that series of shares will not be included in the BUX Index basket.

In the individual assessment, the qualitative parameters, current and historical specific characteristics, the current market and economic environment, index stability and other indirect aspects such as the issuer's activity, transparency or vision for the future of the stock market are taken into account.

Delta Technologies Plc has become a committed player in the capital market over the past two years, and the uncertainties surrounding the share series have been resolved, as evidenced by the fact that, after overcoming the initial difficulties surrounding the time of market entry, the entire share series was admitted to the Budapest Stock Exchange's spot market, the Standard category, and was included in the BSE's index basket of mid and small cap stocks, the BUMIX, at the Index Basket Review in September.

Delta reported a positive profit warning in its previous financial year, i.e. it significantly increased its profit forecast, which it then met. At its AGM, it also announced its multi-year revenue and EBITDA margin plans.

The March decision on the index will be preceded by the Commission's calculation in February with the latest figures. The stock market is such that if investors believe that a series of stocks could be index-listed, purchases based on expectations can act as a self-fulfilling prophecy to further improve the chances of the aspirant stock being index-listed.
Source: index.hu

The current shareholders of the company are listed in the share register. The share register may be inspected by any person during working hours at the company's registered office, subject to the applicable rules. In view of the current situation, please make an appointment.

The latest owner compliance is 28.02.2023.

Delta Systems Ltd., which was acquired by Delta Technologies Plc. in February 2020, will also continue its operations with a deferred financial year. The Company has decided to apply the deferred financial year in order to align its financial reporting with that of its subsidiary. This will simplify the business administration and at the same time increase the transparency of the listed company's activities.

Delta is in a sector where dynamic change and constant renewal are essential. Agility is a key concept in the company's thinking and therefore in its strategy, which also means an adaptive approach to changes in the external environment. The year 2020 will be fundamentally shaped by the economic crisis caused by the Crown virus. This is why the company's management has decided to redefine its strategy in response to the exceptional economic situation, in order to successfully weather the global recession, which is estimated to last at least a year, and to compete in the market with a strong company and a range of products and services adapted to market needs during the recovery period.

The business strategy focuses on different sub-areas - all of which have a common denominator in that they are based on IT-based innovative services and products. The company's product portfolio will continue to be built around the following areas: hardware, software and network technologies, office technology, transport IT, smart solutions and application development. In addition to the developments related to the current portfolio, the focus will remain on Industry 4.0, which is forecast to be one of the most dynamic IT areas in the coming years. The strategy also emphasises planned developments in process control, low power applications and transport IT.

As a listed company, the company believes in responsible, predictable construction. The strategy details the company's goal to reach consolidated revenues of HUF 37 billion within three years, which will enable it to maintain its position among the top three companies in the Hungarian IT market and become a dominant player in the regional market.

The Company has undergone a major transformation in the past year, when it became part of the Delta Group, which has a strong track record. The related transactions included a capital increase. The listing of the shares issued was delayed for several months by the MNB investigation, which was made public, and by the economic uncertainty caused by the epidemic. We have also informed the public about the opening of the procedures related to the IPO in several communications.

Now that the obstacles have been removed, the approval process for the listing of the shares before the MNB is back on track, and once this process is completed, we will again inform the public about the successful listing.

The MNB's procedure is a process that takes several months, during which the MNB acts within the procedural deadlines that apply to it.

The Company submitted the first application on 18 December 2019, but the MNB suspended the procedure shortly afterwards, and we were not allowed to continue the procedure until May, when the decision was issued.We then supplemented the application in view of the time that had passed since then, and this was followed by the resubmission on 17 June. On this basis, the MNB requested our Company to submit a supplementary application, which we submitted on 30 July 2020, within the deadline. Thereafter, the MNB may, if it deems it necessary, request a further deficiency report and so on. Therefore, we cannot say exactly when we will reach the concrete implementation procedure at this stage.

On the basis of the above, on 13.08.2020, our Company received a new call for a deficiency report from the MNB, the deadline for submission of which is 14.09.2020.

Today (14.09.2020), the MNB extended the deadline for submitting the prospectus until 23.09.2020. Our company has filed the prospectus on 23.09.2020 within the deadline. In accordance with the publication on 1 October 2020, our Company updated the deficiency statement submitted on 23 September 2020 and today (02.10.2020), submitted another voluntary deficiency statement to the Authority. On 09.10.2020, our Company submitted another voluntary deficiency statement to the Authority in accordance with the general meeting submissions published today.

On 07.12.2020, the MNB informed the Company of the following decision: MNB decision

The Company pays particular attention to providing timely information on all material information required by law and affecting the life of the Company. This has been done in this case and will continue to be done.

Delta Technologies Plc. is committed to the listing of its entire share series on the stock exchange, and has therefore submitted its prospectus for the listing of 281,184,352 ordinary shares of series A with ISIN HU0000170170, to the Hungarian National Bank for approval within the framework of a new authorisation procedure on 28.04.2021.
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