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SIF MOLDOVA S.A. - SIF2

Completion of EGSM Convening Notice - April 4/5, 2017

Release Date: 3/14/2017 4:31:00 PM

IRIS Code: 555BE

Report date: March 14, 2017

Information according to: Law 297/2004, CNVM Regulation 1/2006

Issuer name: Societatea de Investitii Financiare MOLDOVA S.A.

Headquarters: 94C Pictor Aman street, Bacau

Phone/fax/e-mail: 0234576740 / 0234570062 / sifm@sifm.ro

Sole registration number at the Trade Register Office: 2816642

Trade Register Number: J04/2400/92

Share capital: 103,817,917.6 RON

Number of issued shares: 1,038,179,176

Nominal Value: 0.1 RON/share

Ownership structure: 100% private

Free float: 100%

CNVM/ASF authorization: 1902/30.08.1999

CNVM/ASF Register: PJR099SIIR/040001/14.12.2005

Regulated market on which the issued securities are traded:  Bucharest Stock Exchange, Premium category

International identifiers:

Bucharest Stock Exchange: SIF2

ISIN: ROSIFBACNOR0

Bloomberg: BBGID BG000BMN5F5

Reuters:  SIF2.BX

 

To:        BUCHAREST STOCK EXCHANGE

FINANCIAL SUPERVISORY AUTHORITY

Financial Instruments and Investments Sector

 

Important event: SIF Moldova Extraordinary General Meeting of Shareholders of April 4/5, 2017 – completion of the agenda based on the  Financial Supervision Authority notification no SI/DRA 43.10 of March 9, 2017

Taking into consideration the FSA notification no SI/DRA 43.10 of March 9, 2017, we hereby inform the shareholders that EGMS agenda of April 4/5, 2017 is completed with item 4, consisting in the modification of article 7, paragraph 19 of “SIF Moldova’s Memorandum of Association” (FSA approval no 217 of June 17, 2015), through the introduction of letter i) index 1 with the following content:  

“Article 7, paragraph (19) The Board of Directors shall have the following responsibilities:  

i^1) adopting the proper measures regarding the setting and application of Corporate Governance Code, regarding, without limitation to, the following: 

1.     setting the relevant criteria for monitoring the activity of the executive / higher management and of the company as a whole, as well as the annual evaluation of the criteria application method;  

 

2.     analysis of the adequacy, efficiently and update of the risk management system in order to efficiently manage the assets held, as well as the analysis of the way of managing the risksto which the company is exposed;  

 

3.     ensurance that the requirements on outsourcing / delegating of some operational activities or functions, both before they are carried out and during the entire duration of outsourcing / delegation;  

 

4.     analysis and setting remuneration policies, so that these correspond to the business strategy, objectives and long-term interests and include measures for the prevention of conflict of interests;   

 

5.     ensurance of the development and application of ethical and professional standards in order to have a professional and responsible behavior in the company, so that to prevent the occurrence of conflict of interests; 

 

6.     approval of the risk appetite and tolerance limits of the company, as well as the procedures for the identification, evaluation, monitoring, management and reporting of significant risks that the company is, or could be exposed to;   

 

7.     elaboration of plans in order to ensure the continuity of activity and for emergency situations and their semestrial assessment”     

This completion of “SIF Moldova’s Memorandum of Association” (FSA approval no. 217 of June 17, 2015) is imposed by the compliance with “FSA Regulation no 2/2017 regarding the application of corporate governance principles by the entities authorized, regulated and supervised by FSA”.  

The Board of Directors has approved the completion of the Convening Notice of the EGMS convened for April 4/5, 2017 (published in the Official Gazette no 668 of February 28, 2017) in compliance with FSA recommendation in the mentioned notification. 

The completed Convening Notice will be published in the Official Gazette part IV, in the media and on SIF Moldova website www.sifm.ro.

 

Costel Ceocea

President and CEO

Internal Control

Michaela Puscas

 

 



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