“Electrica informs its shareholders that on 22 September 2020 the Company received the Notifications of major holdings from Paval Holding SRL and Dedeman SRL.”
“According to the Notifications, starting with 18 September 2020, Dedeman SRL has transferred part of the voting rights to an affiliated company, respectively Paval Holding SRL. Following the transfer, Dedeman SRL currently holds 0.79% of Electrica’s voting rights, while Paval Holding SRL has exceeded the 5% threshold, respectively reaching a direct holding of 7.46% of Electrica’s voting rights. The voting rights held directly or indirectly by Paval Holding are 8.25%,” the report reads.
The same transfer is also registered in the case of state-run oil transporter Conpet Ploiesti.
“The voting rights of Electrica are computed based on all the shares to which voting rights are attached, even if for the treasury shares (6,890,593 treasury shares) the exercise thereof is suspended, according to the provisions of art. 69 (1) of Law 24/2017 on issuers of financial instruments and market operations,”
Paval brothers also hold shares in the companies Transelectrica, Purcari, Alro Slatina and Cemacon, either through Dedeman or through Paval Holding.