The meeting was attended by shareholders cumulating 47% in the fund, and the proposition was enacted with 98% of votes.
The secondary listing request came from the fund’s largest individual shareholder, Georgia Palade van Dusen, heiress to industrialist Nicolae Malaxa, along with another three shareholders.
Last year, early-July, the fund’s manager, Franklin Templeton, recommended listing in Warsaw in the first quarter of 2012, through the sale of a 10% stake. However, the proposition was no longer discussed in November.
Franklin Templeton will present a listing plan by May 31, followed by a shareholder meeting set for June 30, meant to approve the operation.
The fund has a share capital of 13.778 billion lei (EUR3.15 billion), divided into 13.778 billion shares with a face value of RON1.
Proprietatea shares were suspended from trading Wednesday, for the shareholder meeting. Company shares closed down 0.67% Tuesday, to RON0.593. (EUR1=RON4.378)