SIF Muntenia shares were suspended from trading Friday and Monday for the stockholders’ meeting and to brief the investors regarding their decision.
The new structure of SIF Muntenia’s Stockholders Representatives Council was chosen by a group of investors supporting the proposals of businessman Gheorghe Iaciu, who owns a 5% stake in the fund, as well as of investment fund ING International Romanian Equity.
SIF Muntenia’s stockholders also approved paying out additional dividends of 98.4 million lei (EUR21.73 million) from existent reserves at the end of 2011 and from unpaid dividends over three years.
At around 10:42 local time (GMT0742), the Bucharest bourse’s BET index was down 0.17%, and the composite index BET-C was up 0.16% higher.
BET-FI, which tracks Fondul Proprietatea and the five regional investment funds (SIFs), was up 1.71%, while the extended blue-chip index BET-XT was gaining 0.46%.
Energy stocks tracker BET-NG was up 0.08%.
The Bourse’s BET-BK, mirroring the top-25 Romanian companies by volumes, opened up 0.51%.
The bourse’s overall traded value was 2.06 million lei (EUR456.900) at around 10:42. (EUR1= RON4.5275)