Shareholders approved the measure at their general meeting of November 2, 2020.
The minimum price per share was set at RON0.1 and the maximum price was set at RON5.1, with the Fund allotting maximum RON76.5 million to repurchase its own shares. The duration of the program is maximum 12 months from its publication in the Official Journal.
SIF 1 has a market value of RON972 million and its shares have been falling by 31% since the start of 2020, amid total deals worth RON74 million.
Shareholders also approved the appointment of Deloitte Audit S.R.L. as financial auditor for the financial year ended on December 31, 2021, extending the original contractual term by one year, and the empowering of the Board of Directors to negotiate and conclude the audit contract.