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SIF TRANSILVANIA S.A. - SIF3

Litigation

Release Date: 7/20/2020 12:43:05 PM

IRIS Code: 54B4F

 

No. 4763/20.07.2020

 

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

-          Financial Instruments and Investments Sector

 

CURRENT REPORT

According to Law no. 24/2017 and F.S.A. Regulation no. 5/2018 

Report date: 20.07.2020

 

S.I.F. Transilvania S.A.

Headquarters: 2, Nicolae Iorga Street, Brasov 500057

Telephone: +40 268 415529, 416171; Fax: +40 268 473215, 473216

Tax registration code: RO3047687

Order number in the Trade Register: J08/3306/92

Registration number in the NSC Register: PJR 09 SIIR/080004

LEI Code (Legal Entity Identifier): 254900E2IL36VM93H128

Subscribed and paid-in share capital: RON 216,244,379.70

Regulated market on which the issued securities are traded: Bucharest Stock Exchange (ticker: SIF3)

Important event to be reported: Litigation

SIF Transilvania informs the shareholders and investors that, in accordance with the information available on the courts portal, through Sentence no. 239/2020 of 17.07.2020, delivered by the Bucharest Court of Appeal in File no. 5964/2/2018, the Court took notice of SIF Transilvania (as plaintiff) withdrawal from the legal proceedings.

The court decision was pronounced with right to appeal within 15 days from the communication date.

The object of the above mentioned file was our company’s request, filed against the FSA (the defendant), through which we requested the Court:

-  to order the annulment of the FSA Decision no. 652/24.05.2018 on the settlement of the preliminary complaint filed by our company against the FSA Decision no. 516/22.04.2018;

- to approve on the merits the preliminary administrative complaint filed against the FSA Decision no. 516/22.04.2018, whereby the Authority took note that the provisions of art. 2861 of Law no. 297/2004 were no longer applicable to the „Fratila Group”;

- to censor the unjustified refusal to settle our company’s request regarding the concerted action in respect of the holdings of the “Banca Transilvania-SIF Moldova Group” and to approve on the merits SIF Transilvania’s request to find the concerted action of “Banca Transilvania - SIF Moldova Group”;

- to obligate the FSA to issue a decision to find the concerted action in relation to our company of the two shareholder groups, namely „Fratila Group” and „Banca Transilvania – SIF Moldova Group”.

 

Marius Adrian Moldovan

Executive President/CEO

 

Radu Claudiu Rosca

Executive Vice President/Deputy CEO

 



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