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RNS Number : 0592M Fondul Proprietatea S.A. 11 September 2023
To: Bucharest Stock Exchange Report date:
Financial Supervisory Authority 11 September 2023
London Stock Exchange
Name of the issuing entity:
Current report according to the provisions of Article 99 letter h) of the Code Fondul Proprietatea S.A.
of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments
Important events to be reported:
Registered office:
The recommendation of the Board of Nominees related to 25 September 2023
Ordinary General Shareholders' Meeting 76-80 Buzesti Street
The Board of Nominees (the "Board") of Fondul Proprietatea S.A. (the "Fund"), 7(th) floor, district 1,
would like to issue their voting recommendation for Item 3 on the agenda of
the Fund's Ordinary General Shareholders' Meeting called for 25 September 2023 Bucharest, 011017
at "Intercontinental Athénée Palace Bucharest" Hotel, Le Diplomate Salon,
1-3 Episcopiei Street, 1(st) District, Bucharest, 010292, Romania, commencing
11:00 am (RO time) related to:
Phone/fax number:
"3. The appointment for a period of three (3) years of two members in the
Board of Nominees of Fondul Proprietatea following the expiration of two Tel.: + 40 21 200 9600
mandates on 15 November 2023 and 25 November 2023, respectively, as follows:
Fax: + 40 31 630 00 48
3.1. The appointment of a member of the Board of Nominees following the
expiration of the mandate of Mr. Ciprian Lăduncă on 15 November 2023; the
mandate of the new member is valid for a period of three (3) years and shall
produce its effects starting with 16 November 2023 or the acceptance date for Email:
the new mandate, whichever occurs later. (secret vote)
office@fondulproprietatea.ro
3.2. The appointment of a member of the Board of Nominees following the
expiration of the mandate of Mrs. Ilinca von Derenthall on 25 November 2023;
the mandate of the new member is valid for a period of three (3) years
starting with 26 November 2023 or the acceptance date for the new mandate, Internet:
whichever occurs later. (secret vote)"
www.fondulproprietatea.ro
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, here
(https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2023/25%20September/OGM%203.%20List%206%20Sept%202023.pdf)
(https://www.fondulproprietatea.ro/home/investor-relations/gsm-information/gsm-documentation/2022.html) Sole Registration Code with the Trade Register Office:
, and the analysis performed by the Board of Nominees, the Board recommends
the Fund's shareholders the following: 18253260
Ø For the seat resulting from the expiry of Mr. Ciprian Lăduncă's mandate
as Board of Nominees member, the Board recommends the Fund's shareholders to
vote "for" Mr. Ciprian Lăduncă; Order number in the Trade Register:
Ø For the seat resulting from the expiry of Mrs. Ilinca von Derenthall's J40/21901/2005
mandate as Board of Nominees member, the Board recommends the Fund's
shareholders to vote "for" Mrs. Ilinca von Derenthall.
The Board of Nominees has interviewed the new candidates on the final list.
The Board's recommendation for voting takes into consideration the
independence of each candidate, their experience with closed-end funds, Subscribed and paid-up share capital:
financial institutions and capital markets, relevant non-executive board
director experience of the candidates, as well as the overall skill matrix RON 3,233,269,110.76
required by 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 Number of shares in issue and paid-up:
shareholders, irrespective of the recommendations herein, subject to
compliance with law and regulation. 6,217,825,213
The Board of Nominees of Fondul Proprietatea S.A.
Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange
GDRs on London Stock Exchange
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