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SIF MOLDOVA S.A. - SIF2

FSA endorsement - SIF Moldova management

Release Date: 7/13/2017 6:58:31 PM

IRIS Code: 2129B

Report date: July 13, 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 – endorsement of SIF Moldova management (completion of the reports from April 4, 2017 and May 10, 2017)

 A.     SIF Moldova informs that through the Opinions no. 400, 401 and 402 of July 13, 2017,  ASF has authorized the following:

 1)     Board of Directors component: Ceocea Costel, Ciorcila Horia, Doros Liviu Claudiu, Iancu Catalin Jianu Dan, Radu Octavian Claudiu - ASF Opinion no. 400 of July 13, 2017 (attached)

2)     Management component: Doros Liviu Claudiu – CEO, Iancu Catalin Jianu Dan – Deputy CEO – ASF Opinion no. 401 of July 13, 2017 (attached)

 

B.  We also remind you on the decisions taken by the Board of Directors with regards to the management structure:

 

3)     The President and Vice President of the Board were elected as follows:

Costel Ceocea – President of the Board of Directors                   

Radu Octavian Claudiu – Vice President of the Board of Directors

 

4)     The Advisory Committees of the Board and their component were established as follows:

Nomination – Remuneration Committee, consisting of 3 members, namely:

1.     Horia Ciorcila, non-executive and independent director – President;

2.     Radu Octavian Claudiu, non-executive and independent director – member;

3.     Costel Ceocea, non-executive director - member.

Audit Committee, consisting of 3 members, namely:

1.     Radu Octavian Claudiu, non-executive and independent director – President;

2.     Horia Ciorcila, non-executive and independent director – member;

3.     Costel Ceocea, non-executive director - member.

The quality of non-executive directors for the members of the Advisory Committees and independent directors for its presidents ensures that the conditions stipulated in SIF Moldova Corporate Governance Code are met, in compliance with the requirements of the Bucharest Stock Exchange Code.

5)     It was decided the maintaining of the Management Committee, which is a collective working body of the directors, which works according to the legal provisions (Law 31/1990, article 143^1) and the statutory provisions (Memorandum of Association, Article 7 paragraph 20)

C.   It has been approved the change of SIF Moldova Memorandum of Association” in compliance with the decisions of the Extraordinary General Meeting of Shareholders no 3 and 4 of April 4, 2017 regarding the reducing of the number of members of the Board from 7 to 5, namely the alignment to the provisions of the ASF Regulation no. 2/2016 regarding the basic attributions of the Board of Directors that can not be delegated (Annex ASF opinion)

The fully re-written memorandum of association act can be found on www.sifm.ro/about us.

Attempts will be made to register these records with the Trade Registry Office.

 

Doros Claudiu

CEO                            

 

Internal Control

Michaela Puscas

 



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