If the company fails to comply with the CNVM ordinance, then the regulator will go to court asking for a reunion of the shareholders.

The new meeting’s agenda will be the same as the one used in the previous meeting.

In the shareholder meeting held on September 16, several shareholders, including SIF Oltenia (SIF5.RO) and investment fund Business Capital for Romania-Opportunity, held by BCR, were not allowed to enter the building.

SIF Oltenia president and general manager Tudor Ciurezu told MEDIAFAX on September 16 that the shareholders were prevented from entering the building at the order of Catalin Chelu, who has gained control of Argus.

Chelu holds 43.4% in Argus, while SIF Oltenia holds 31.93%.

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