REG - Fondul Proprietatea - Court's decision in CNAB litigation

Fondul Proprietatea SAAnnouncement

07/03/2024 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240307:nRSG0559Ga&default-theme=true

RNS Number : 0559G  Fondul Proprietatea S.A.  07 March 2024

 To:          Bucharest Stock Exchange                                                                                             Report date:

                 Financial Supervisory Authority                                                                                   7 March 2024

                 London Stock Exchange

                                                                                                                                   Name of the issuing entity:

                                                                                                                                   Fondul Proprietatea S.A.

 Current report according to the provisions of Article 99 letter a) and s) of                                                      Registered office:
 the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial

 Instruments.                                                                                                                      76-80 Buzesti Street

 Important events to be reported:                                                                                                  7(th) floor, district 1,

 The decision of the Bucharest Court of Appeal in the claim for annulment filed                                                    Bucharest, 011017
 by Fondul Proprietatea S.A. against the share capital increase of C.N.

 Aeroporturi Bucuresti S.A.

 Further to the current reports published on 27 October 2021, respectively 25                                                      Phone/fax number:
 May 2023, Franklin Templeton International Services S.À R.L., in its capacity

 as alternative investment fund manager and sole director ("AIFM / Fund                                                            Tel.: + 40 21 200 96 00
 Manager") of Fondul Proprietatea S.A. ("Fondul Proprietatea / the Fund"),

 hereby informs shareholders and investors that, following the claim for                                                           Fax: + 40 31 630 00 48
 annulment filed by the Fund against the Extraordinary General Shareholders

 Meeting ("EGM") Resolution no. 15/ 26 October 2021 of C.N. Aeroporturi
 Bucuresti S.A. ("CNAB" / "Bucharest Airports") for approving the increase of

 the share capital from RON 143,772,150 to RON 4,912,283,610, as a result of                                                       Email:
 the contribution in kind of the Romanian State with the land inside the

 Băneasa Airport (the "Increase"), in file no. 2779/93/2021, in the appeal                                                         office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 phase, the Bucharest Court of Appeal issued the following decision on 7 March

 2024:

 "Solution type: Partially changed                                                                                                 Internet:

 Brief Solution: Admits the appeal. Partially changes the appealed civil                                                           www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 decision as follows: Admits the claim filed. Orders the annulment of the EGM

 Resolution no. 15/26.10.2021 of CNAB. Pursuant to Art. 132 para. 10 of Law nr.
 31/1990, orders the publication of this decision in the Official Gazette and

 its mentioning in the Trade Registry. Maintains the other provisions of the                                                       Sole Registration Code with the Trade Register Office:
 appealed civil decision. Final. Delivered by making the decision available to

 the parties through the court registry today, 7 March 2024."                                                                      18253260

 Please note that the decision issued by the Bucharest Court of Appeal in file
 no. 2779/93/2021 is final.

                                                                                                                                 Order number in the Trade Register:
 The Sole Director is waiting for the reasoning of the Court's decision in this

 file.                                                                                                                             J40/21901/2005

 Furthermore, please note that the effects of the Increase were suspended as a
 result of the decision of the Bucharest Court of Appeal dated 13(th) January

 2022, until the final settlement of the claim for annulment of CNAB's EGM (as                                                     Subscribed and paid-up share capital:
 the Fund Manager already announced investors through the current report dated

 14(th) January 2022 - Microsoft Word - Current report new litigation against                                                      RON 2,947,779,186.56
 the share capital increase Bucharest Airports_suspension_14.01.2022v3.do

 (fondulproprietatea.ro)
 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/investor-reports/2022/Capital%20increase%20Buch%20Airp.pdf)

 ).                                                                                                                                Number of shares in issue and paid-up:

                                                                                                                                   5,668,806,128

 Franklin Templeton International Services S.À R.L, in its capacity as
 alternative investment fund manager and sole director of FONDUL PROPRIETATEA

 S.A.                                                                                                                              Regulated market on which the issued securities are traded:

                                                                                                                                   Shares on Bucharest Stock Exchange

 Johan MEYER                                                                                                                       GDRs on London Stock Exchange

 Permanent Representative

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRFLFIRVVIDIIS