The item was added to the agenda at the request of a group of shareholders holding over 5% of the share capital.
The shareholders approved a decrease in the company’s subscribed and paid-up share capital by RON131.09 million, from RON1.66 billion to RON1.53 billion. The operation will be carried out by cancelling 252.09 million own shares acquired by the company over the course of 2025 through the 16th buy-back program. Upon completion of the share capital decrease, the subscribed and paid-up share capital of Fondul Proprietatea will be divided into some 2.95 billion ordinary nominative shares shares, each having a nominal value of RON0.52 per share, according to the report.
There have been rejected the proposals of shareholders with ownership stakes of over 5% regarding the immediate revocation of Andrei-Octav Moise and Lucian Danilescu from the positions of members of the Board of Nominees.
“The approval of the amended template mandate agreement for the members of the Board of Nominees of Fondul Proprietatea (“BoN”), in order to reflect the possibility for BoN members to waive their remuneration, if they expressly elect to do so, while maintaining equal liability for all BoN members, irrespective of whether or not they receive remuneration for their activity within Fondul Proprietatea, and (ii) the corresponding addenda to be executed by the current members of the Board of Nominees, in accordance with the supporting documentation,” the report reads.
The approval of item 11 on the Ordinary General Shareholders’ Meeting (OGM) Agenda, respectively, “approval of the ratification of all acts performed by the Board of Nominees up to the date of this Resolution, pursuant to the OGMS Resolution no. 19 / 29 September 2025, for or in connection with the conduct of this process, including but not limited to any contract entered into for the purposes of the selection process.”
FP shares have traded 55% higher over the last year. The company is now valued at RON1.9 billion.