Universal Music Group N.V. Included in Euronext's AEX Index of Top Companies
Universal Music Group N.V.
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Rhea-AI Summary
Universal Music Group N.V. (UNVGY) will be part of the AEX Index on Euronext Amsterdam starting December 20, 2021, as announced on December 8, 2021. This inclusion signifies a major achievement for UMG, according to Chairman and CEO Lucian Grainge. The AEX Index is comprised of the 25 largest listed companies on Euronext, ranked by free-float adjusted market capitalization and liquidity. UMG is recognized as a leader in music-based entertainment, offering a wide range of services including recorded music, publishing, merchandising, and audiovisual content.
Positive
- UMG's inclusion in the AEX Index enhances its market visibility and credibility.
- Becoming part of the AEX Index positions UMG among the top 25 companies in terms of market capitalization and liquidity.
Negative
- None.
Details
News Market Reaction – UNVGY
The recorded move for UNVGY in the trading session of this news was -2.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HILVERSUM, The Netherlands, Dec. 8, 2021 /PRNewswire/ -- Universal Music Group N.V. (UMG), the world leader in music-based entertainment, will be included in the Euronext Amsterdam's AEX Index, effective at the European markets' opening of trading on December 20, 2021, Euronext announced today.
Sir Lucian Grainge, UMG's Chairman and CEO, said: "We're very pleased with the inclusion of Universal Music Group in the AEX Index, marking another important milestone in our journey as a stand-alone public company."
Comprised of the Euronext Amsterdam's 25 largest listed companies ranked by free-float adjusted market capitalization and liquidity, the AEX Index is one of the Euronext's classic Blue Chip Indices.
ABOUT UNIVERSAL MUSIC GROUP
At Universal Music Group (EURONEXT: UMG), we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group N.V. visit www.universalmusic.com.
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SOURCE Universal Music Group
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