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BUCHAREST - Fondul Proprietatea S.A., a Romanian-based investment fund, has announced that its Extraordinary and Ordinary General Shareholders’ Meetings (EGM and OGM) are scheduled for April 29, 2025. The meetings will take place at the INTERCONTINENTAL ATHÉNÉE PALACE BUCHAREST Hotel in Romania, with the EGM beginning at 11:00 am and the OGM at 12:00 pm, local Romanian time.
Managed by Franklin Templeton International Services S.À R.L., Fondul Proprietatea has confirmed that the agenda for both meetings will remain unchanged from the first convening. If the necessary quorum is not reached on April 29, a second convening is set for the following day, April 30, 2025, at the same location and times.
In preparation for the shareholder meetings, the Fund Manager has recommended voting in favor of all items on the EGM agenda. For the OGM, recommendations are to vote in favor of items 2 through 8 and item 10. However, the Fund Manager has chosen not to issue a voting recommendation for item 9 on the OGM agenda.
Shareholders can find supporting documentation for the EGM and OGM on the Fund’s website. It should be noted that the deadline for proposing new items on the agendas passed on April 4, 2025, and no additional requests were received.
The Fund Manager has emphasized that its voting recommendations are not binding and should not be seen as substantiating documentation for shareholders’ voting decisions. Regardless of the voting recommendations, the Fund Manager will adhere to and implement all decisions made by the shareholders in accordance with the law and regulations.
Fondul Proprietatea, listed on the Bucharest Stock Exchange with shares and on the London Stock Exchange (LON:LSEG) with Global Depository Receipts (GDRs), has a subscribed and paid-up share capital of RON 1,849,342,164.28 and a total of 3,556,427,239 shares issued and paid-up. This news is based on a press release statement.
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