The shares will be redeemed for a maximum of RON1.6 a share.
SIF Moldova shareholders will discuss the proposition in an extraordinary meeting on April 4.
SIF Moldova’s managing board also proposed a 23% decrease in the dividend to be paid from the profit registered last year, to RON0.17 per share. SIF Moldova registered profit of RON137 million last year, down 29% from RON193 million in 2011.
If shareholders approve the proposition, the fund will pay dividends of RON88.2 million, or 64% of the profit registered in 2012.
SIF Moldova expects its net profit will fall 37% in 2013 to RON86 million.
Its 2013 revenues are seen to drop 36% this year to RON177.5 million, and overall expenses are expected to decrease 35% to RON76.2 million.
On the Bucharest bourse Thursday, SIF Moldova closed up 1.58%, at RON1.481 a share. (EUR1=RON4.3698)