REG - Fondul Proprietatea - FT's voting recommendations - 2 Dec 2024 GSM

Fondul Proprietatea SAAnnouncement

26/11/2024 13:15

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RNS Number : 7268N  Fondul Proprietatea S.A.  26 November 2024

 To:          Bucharest Stock Exchange                                                                                                           Report date:

                 Financial Supervisory Authority                                                                                                 26 November 2024

                London Stock Exchange

                                                                                                                                                 Name of the issuing entity:

 Current report according to Article 99 letter s) of the Code of the Bucharest                                                                   Fondul Proprietatea S.A.
 Stock Exchange, Title II, Issuers and Financial Instruments.

 Important events to be reported:

                                                                                                                                               Registered office:
 Voting recommendations and supporting materials related to the 2 December 2024

 shareholders' meetings                                                                                                                          76-80 Buzesti Street

 Franklin Templeton International Services S.À R.L., in its capacity as                                                                          7(th) floor, district 1,
 alternative investment fund manager and sole director (the "Fund Manager") of

 Fondul Proprietatea S.A. ("Fondul Proprietatea" / the "Fund"), would like to                                                                    Bucharest, 011017
 remind shareholders that the Fund Manager has convened the Fund's

 Extraordinary ("EGM") and Ordinary ("OGM") General Shareholders' Meetings for
 2 December 2024 (first convening) at Radisson Blu" Hotel, 63-81 Calea

 Victoriei Street, Atlas 2 Room, 1st District, Bucharest, 010065, Romania,                                                                       Phone/fax number:
 commencing 11:00 am (Romanian time) in case of EGM and 12:00 pm (Romanian

 time) in case of OGM.                                                                                                                           Tel.: + 40 21 200 96 00

 Should the statutory quorum requirements for the EGM/OGM, laid down by the                                                                      Fax: +40 31 630 00 48
 Companies' Law no. 31/1990 and/or the Company's Constitutive Act, not be met

 on the aforementioned date stated for the first convening, both meetings are
 convened on the date of 3 December 2024 (second convening) at "Radisson Blu"

 Hotel, 63-81 Calea Victoriei Street, Alcyone 1+2 Room, 1st District,                                                                            Email:
 Bucharest, 010065, Romania, commencing 11:00 am (Romanian time) in case of EGM

 and 12:00 pm (Romanian time) in case of OGM, with the same agenda as at the                                                                     office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 first convening.

 The entire EGM and OGM supporting documentation is available for the

 shareholders' reference on the Fund's website, here                                                                                             Internet:
 (https://www.fondulproprietatea.ro/home/investor-relations/gsm-information/gsm-documentation/2024.html)

 .                                                                                                                                               www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)

 The deadline for proposing new items on the EGM & OGM agendas expired on
 11 November 2024, 5:00 p.m. (Romanian time). The Fund did not receive any

 requests to supplement the EGM or OGM agendas.                                                                                                  Sole Registration Code with the Trade Register Office:

 On 11 November 2024, 5:00 p.m. (Romanian time) also expired the deadline for                                                                    18253260
 receiving candidate proposals for the position in the Fund's Board of

 Nominees, following the expiration of the mandate of Mr. Nicholas Paris on 6
 April 2024, and the following proposals were received:

                                                                                                                                               Order number in the Trade Register:
 ·            Mr. István Sárkány - proposed by Mr. Mihai Sebea;

                                                                                                                                               J40/21901/2005
 ·            Mr. Marian-Cristian Mocanu - proposed himself

 ·            Mr. Nicholas Paris - proposed by LCL Grup SRL,

                                                                                                                                               Subscribed and paid-up share capital:
 as detailed in the List of candidates published on the Fund's website here

 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2024/2%20December/OGSM%201.%2011%20November%202024.pdf)   RON 1,849,342,164.28
 .

 Regarding the items on the EGM agenda, as detailed in the GSM Convening Notice

 published on the Fund's website here                                                                                                            Number of shares in issue and paid-up:
 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2024/2%20December/Convening%20Notice.pdf)

 , the Fund Manager recommends voting in favour on all items on the EGM agenda.                                                                  3,556,427,239

 Regarding the items on the OGM agenda, as detailed in the GSM Convening Notice
 published on the Fund's website here

 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2024/2%20December/Convening%20Notice.pdf)                 Regulated market on which the issued securities are traded:
 :

                                                                                                                                               Shares on Bucharest Stock Exchange
 -     the Fund Manager refrains from making any voting recommendation on

 item 1 on the OGM agenda, as candidate for the Board of Nominees is appointed                                                                   GDRs on London Stock Exchange
 and approved by shareholders, but recommends shareholders to exercise their

 voting right only after reviewing:

 Ø The list of candidates and the related information available on the Fund's
 website here

 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2024/2%20December/OGSM%201.%2011%20November%202024.pdf)
 ;

 Ø The Board of Nominees Guidance Letter available on the Fund's website here
 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-documentation/2024/2%20December/Guidance%20Letter.pdf)
 .

 -     the Fund Manager recommends voting in favour on items 2 and 3 on the
 OGM agenda.

 The Fund Manager's voting recommendations contained herein are not binding in
 any way and should not be deemed under any circumstances as supporting
 documentation/argument for substantiating one's vote. The Fund Manager will
 implement and will comply with all the decisions taken by the Fund's
 shareholders, irrespective of its recommendations herein, subject to
 compliance with law and regulation.

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

 Johan MEYER

 Permanent Representative

 

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