The EGM agenda includes approval of a capital increase by RON3.47 billion by issuing 3.47 billion share with a nominal value of RON1 each. The share capital currently stands at RON3.85 billion, RON2.7 billion held by the Romanian government and RON1.16 billion by the remaining shareholders.
The OGM agenda includes approval of the procurement of legal services in connection to the global depositary receipts (GDRs) listed on London Stock Exchange.
Most likely, Romgaz intends to have its GDRs delisted like OMV Petrom (SNP.RO) did. Petrom, the largest oil and gas company in Romania, chose this move, which it completed on October 26, 2023, as a result of low interest in the trading of its GDRs and additional costs with the presence on this particular market.
(English version by Loredana Fratila-Cristescu)