REG - Fondul Proprietatea - BoN recommendation related to the 25 Sep 2023 OGSM

Fondul Proprietatea SAAnnouncement

11/09/2023 15:30

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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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