The proceeds from the partial or full sale of the stake via the secondary public offering will be distributed to the shareholders of the company in form of special dividends three months from the collection of the money by the company – an item introduced on the agenda at the request of the Finance Ministry, one of the shareholders and approved during the meeting.
The second item on the agenda, which was the sale and listing on one or more regulated and/or equivalent markets and/or any trading place in Romania and/or in another EU member country and/or third party, was not approved.
Shareholders also approved authorizing the fund manager, Franklin Templeton to repurchase Fondul Proprietatea shares, global depository receipts or depositary interests corresponding to 3.5 million Fondul Proprietatea shares between January 1 and December 31, 2023. The buy-back price may not be lower than RON0.2/share or higher than RON3/share.
Fondul Proprietatea ended the first nine months of 2022 with RON3.5 billion net profit, an increase of 13.3% on the year-ago period, ZF has calculated from the data in the report the fund submitted to the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)