BUCHAREST - Fondul Proprietatea SA, a Romanian investment fund, disclosed its updated shareholding structure and voting rights count as of November 15, 2024, ahead of its General Shareholders' Meetings scheduled for December 2, 2024.
The report, submitted to the Bucharest Stock Exchange, Financial Supervisory Authority, and London Stock Exchange (LON:LSEG), reveals a diverse shareholder composition. Romanian private individuals hold the largest portion, with 49.78% of the subscribed and paid-up share capital, equating to 55.31% of the total exercisable voting rights. This is followed by Romanian institutional shareholders at 16.33%, and the Ministry of Finance with a 10.42% stake.
The total number of voting rights stood at 3,556,427,239, with 3,200,784,516 being exercisable. Treasury shares, representing 10% of the capital, have their voting rights suspended, as these were acquired under the Fund's 15th buyback program and do not contribute to the exercisable voting rights total.
Foreign private individuals and institutional shareholders hold smaller percentages, 5% and 6.96% respectively, with the remaining 1.51% held by The Bank of New York Mellon (NYSE:BK) as depository bank for the Fund's Global Depository Receipts (GDRs). The GDRs held by Fondul Proprietatea itself were excluded from this count.
The Fund, which is managed by Franklin Templeton International Services S.À R.L., has a total shareholder count of 22,975. Its shares are traded on the Bucharest Stock Exchange, with GDRs available on the London Stock Exchange.
This latest shareholding structure is an essential update for investors and market watchers, as it provides a snapshot of the Fund's ownership and voting power distribution ahead of the important shareholder meetings in December. The information is based on a press release statement by the Fund.
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