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SIF MOLDOVA S.A. - SIF2

Concluding an addendum with Asset Invest - subsidiary of SIF Moldova

Release Date: 6/19/2017 5:35:01 PM

IRIS Code: 30587

Report date: June 19, 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 – signing an addendum to the mandate agreement concluded with Asset Invest SA - a subsidiary of the “SIF Moldova Group” (ASF Certificate No. 1 of February 7, 2017) - completing the current report of February 15, 2017.

Concluding date, nature and object of the legal act:

(a)  June 19, 2017: signing the addendum no. 8 to the mandate contract no. 7542 of December 17, 2015 concluded with Asset Invest SA, consisting in the amendment of some provisions regarding the contract price

(b)  contracting parties: SIF Moldova - beneficiary; Asset Invest SA - service provider

(c)   duration of contract: until December 31, 2017

(d)  contract value: remuneration for each successfully concluded transaction (collection of the sale price) according to a calculation algorithm provided in the contract (partial amendment)

note: from January 1, 2017 to the present it has been paid the amount of 71826 RON

(e)  payment terms: at cashing the value of the sold asset 

Specifications: Asset Invest SA was set up by SIF Moldova in order to capitalize the underperforming shares from the portfolio of the company (report of August 2, 2013 and October 8, 2013). In compliance with the purpose of establishing the company Asset Invest SA it was concluded the Mandate Contract for the acceleration of the negotiation / sale of the non-performing portfolio of SIF Moldova, within the limits and conditions set by SIF Moldova.

The cumulative value of contracts concluded with Asset Invest SA exceeds 50,000 EUR / year

In accordance with the requirements of the article 82 of Law 24/2017 and CNVM Regulation 1/2006, the contracts are made available to the financial auditor for expressing an opinion regarding the compliance with the law.

 

Costel Ceocea

President & CEO

Internal Control

Michaela Puscas

 



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