REG - Fondul Proprietatea - Prolongation of the selection process for an AIFM

Fondul Proprietatea SAAnnouncement

22/10/2024 12:00

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RNS Number : 1554J  Fondul Proprietatea S.A.  22 October 2024

 To:          Bucharest Stock Exchange                                                                                                         Report date:

                 Financial Supervisory Authority                                                                                               22 October 2024

                London Stock Exchange

                                                                                                                                               Name of the issuing entity:

 Current report according to Article 234 para. (1) of the Financial Supervisory                                                                Fondul Proprietatea S.A.
 Authority Regulation no. 5/2018 on issuers of financial instruments and market

 operations, as well as the provisions of Article 99 letter a) of the Code of
 the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.

                                                                                                                                             Registered office:
 Important events to be reported:

                                                                                                                                             76-80 Buzesti Street
 Prolongation of the selection process for an alternative investment fund

 manager                                                                                                                                       7(th) floor, district 1,

 Further to Resolution no. 9 / 25 September 2023 of the Ordinary General                                                                       Bucharest, 011017
 Meeting of Shareholders ("OGMS") of Fondul Proprietatea S.A. ("FP"), published

 on the FP's website here
 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/gsm-decisions/2023/25%20September/OGM%209_Res%20selection%20-%20MF.pdf)

 , and the public announcement dated 7 October 2024, regarding the commencement                                                                Phone/fax number:
 of the selection process for an alternative investment fund manager for FP, in

 order to allow additional time for further submissions of interest, the Board                                                                 Tel.: + 40 21 200 96 00
 of Nominees ("Board / BoN") of FP has decided to extend the deadline for

 submissions from the previously stated 21 October 2024 to 4 November 2024.                                                                    Fax: +40 31 630 00 48

 Prospective AIFM candidates are therefore invited to register their interest
 with Deutsche Numis by no later than 4 November 2024. Contact details for

 whom are provided at the conclusion of this announcement.                                                                                     Email:

                                                                                                                                               office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)

Deutsche Numis  Tel: +44 (0)20 7260 1000

 Nathan Brown    Email: DBNumis_Project_Danube@dbnumis.com                                                                                     Internet:

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

                                                                                                                                             Sole Registration Code with the Trade Register Office:

                                                                                                                                               18253260

 Appendix

                                                                                                                                               Order number in the Trade Register:

 The following selection criteria, as approved within the OGMS of 27 September                                                                 J40/21901/2005
 2024, shall be used when selecting the new AIFM of Fondul:

 a.   Established investment management entity operating to global standards

 in asset management, client servicing, compliance, financial reporting,                                                                       Subscribed and paid-up share capital:
 investor relations, and risk management, and with experience and expertise in

 mandates invested in Romania and/or similar markets.                                                                                          RON 1,849,342,164.28

 b.   Proposal for Fondul's investment mandate which should predominantly be
 focused on continued investment in domestic entities, including state-owned

 enterprises, and which may involve further direct or indirect investment in
 unquoted entities.

                                                                                                                                             Number of shares in issue and paid-up:
 c.   Regulatory authorisation necessary to implement Fondul's investment

 mandate, specifically an AIFM authorised as an alternative investment fund                                                                    3,556,427,239
 manager by the Romanian Financial Supervisory Authority or an EU-authorised

 AIFM with a credible basis for seeking a passport to operate in Romania.

 d.   Internal resources necessary to implement Fondul's investment mandate                                                                    Regulated market on which the issued securities are traded:
 including operational capacity in Romania (or credible basis for establishing

 a Romanian office) (or credible proposal to put resources in place which may                                                                  Shares on Bucharest Stock Exchange
 involve an outsourcing model).

                                                                                                                                             GDRs on London Stock Exchange
 e.   Remuneration structure aligned with interests of shareholders as a

 whole in the long-term delivery of Fondul's investment mandate.

 The Board of Nominees of FONDUL PROPRIETATEA S.A.

 Ilinca von DERENTHALL

 Chairperson

 

 

Appendix

 

The following selection criteria, as approved within the OGMS of 27 September
2024, shall be used when selecting the new AIFM of Fondul:

a.   Established investment management entity operating to global standards
in asset management, client servicing, compliance, financial reporting,
investor relations, and risk management, and with experience and expertise in
mandates invested in Romania and/or similar markets.

b.   Proposal for Fondul's investment mandate which should predominantly be
focused on continued investment in domestic entities, including state-owned
enterprises, and which may involve further direct or indirect investment in
unquoted entities.

c.   Regulatory authorisation necessary to implement Fondul's investment
mandate, specifically an AIFM authorised as an alternative investment fund
manager by the Romanian Financial Supervisory Authority or an EU-authorised
AIFM with a credible basis for seeking a passport to operate in Romania.

d.   Internal resources necessary to implement Fondul's investment mandate
including operational capacity in Romania (or credible basis for establishing
a Romanian office) (or credible proposal to put resources in place which may
involve an outsourcing model).

e.   Remuneration structure aligned with interests of shareholders as a
whole in the long-term delivery of Fondul's investment mandate.

The Board of Nominees of FONDUL PROPRIETATEA S.A.

Ilinca von DERENTHALL

Chairperson

 

 

 

Report date:

22 October 2024

 

Name of the issuing entity:

Fondul Proprietatea S.A.

 

Registered office:

76-80 Buzesti Street

7(th) floor, district 1,

Bucharest, 011017

 

Phone/fax number:

Tel.: + 40 21 200 96 00

Fax: +40 31 630 00 48

 

Email:

office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)

 

Internet:

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

 

Sole Registration Code with the Trade Register Office:

18253260

 

Order number in the Trade Register:

J40/21901/2005

 

Subscribed and paid-up share capital:

RON 1,849,342,164.28

 

 

Number of shares in issue and paid-up:

3,556,427,239

 

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

 

 

 

 

 

 

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