“With the direct participation, through a representative or through correspondence, of the shareholders owning 192,578,466 shares, accounting for 37.43% of the total number of voting rights, with the vote “in favor” of shareholders representing 85.42% of the votes cast, it is approved the amendment to the constitutive act of the company, with a view to correlating with the provisions of Law no. 243/2019 regulating alternative investment funds and amending and completing certain normative acts. At article 3, paragraphs (3), (4), (5) and (6), regarding the ownership thresholds of 5% of the company’s share capital, are eliminated”, as per shareholders’ decision.
The law regulating alternative investment funds, which eliminates the 5% ownership threshold in a financial investment company (SIF), seen as the last frontier for these companies, took effect on January 23, 2020.
This means that SIFs have six months at disposal to adjust their statute to the new legislation, namely, until July 23, 2020, according to ZF’s aggregate data.