If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Thursday, April 22, 2021 
Market Status: Open
About us and Governance Investor Relations Contact
Advanced search

Market News


FONDUL PROPRIETATEA - FP

The recommendation of the Board of Nominees related to 24 March 2021 OGSM

Release Date: 2/26/2021 5:08:02 PM

IRIS Code: 5D9B0

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

               London Stock Exchange

 

Current report according to the provisions of Article 99 letter (s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments

Important events to be reported:

The recommendation of the Board of Nominees related to 24 March 2021 Ordinary General Shareholders’ Meeting  

The Board of Nominees (the “Board”) of Fondul Proprietatea S.A. (the "Fund"), would like to issue their voting recommendation for the agenda of the Fund’s Ordinary General Shareholders’ Meeting called for 24 March 2021 related to “The appointment of two members in the Board of Nominees of Fondul Proprietatea S.A.”.

Considering the final list of candidates received for the two positions for the Fund’s Board of Nominees, as detailed on the Fund’s webpage, at https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2021/24%20March/OGM%201.%20List%2022%20Febr%202021.pdf, and the analysis performed by the Board of Nominees, the Board recommends the Fund’s shareholders the following:

·         For the vacant position of a member of the Board of Nominees following the expiration of the mandate of Mr. Julian Healy, the Board recommends the Fund’s shareholders to vote “for” Mr. Nicholas Paris;

·         For the vacant position of a member of the Board of Nominees following the expiration of the mandate of Mr. Piotr Rymaszewski, the Board recommends the Fund’s shareholders to vote “for” Mr. Omer Tetik.

The Board of Nominees is expected to change the composition of the consultative committees following the shareholders’ vote.

The Board of Nominees has interviewed all three of the candidates on the final list. The Board's recommendations for voting take into consideration the independence of each candidate, the experience with closed-end funds and financial institutions, the relevant non-executive board director experience of the candidates, as well as the overall skill matrix requisite at the Board.

The recommendation of the Board is not binding in any way and should not be deemed under any circumstances as a supporting documentation/argument for substantiating one’s vote. The Fund Manager, along with Board of Nominees, will implement and will comply with all the decisions taken by the Fund’s shareholders, irrespective of the recommendations herein, subject to compliance with law and regulation.

The Board of Nominees of FONDUL PROPRIETATEA S.A.

Report date:

26 February 2021

 

Name of the issuing entity:

Fondul Proprietatea S.A.

 

Registered office:

78-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

 

Phone/fax number:

Tel.: + 40 21 200 9600

Fax: + 40 21 200 9631

 

Email:

office@fondulproprietatea.ro

 

Internet:

www.fondulproprietatea.ro

 

Sole Registration Code with the Trade Register Office:

18253260

 

Order number in the Trade Register:

J40/21901/2005

 

Subscribed share capital:

RON 3,749,282,292.08

 

Paid-up share capital:

RON 3,560,099,870.08

 

Number of shares in issue:

7,210,158,254

 

Number of paid shares:

6,846,345,904

 

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange
 

GDRs on London Stock Exchange

 

 

 

 

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved