To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange Current report according to Article 113 point A, paragraph (1) letter j) of the Romanian National Securities Commission Regulation no. 1/2006 regarding the issuers and the operations with securities, as subsequently amended and completed, as well as the provisions of Article 99 of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments. Important events to be reported: Update on all litigations between a litigant and Fondul Proprietatea SA Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("the Fund Manager"), in its capacity as sole director and fund manager of Fondul Proprietatea SA ("the Fund"), would like to update shareholders and investors on all ongoing cases between Ioana Sfiraiala (the "Litigant") and the Fund, as set out in the table enclosed as Annex 1 to this report. The Fund Manager notes that, of the four ongoing litigations described in Annex 1, only two pertain to the annulment of shareholders' resolutions and these are in the final appeal phase, having been won in the first instance by the Fund. In particular, the Fund Manager would like to note that the Bucharest Court announced on 29 March 2016 that it has rejected the Litigant's claim in file no. 16453/3/2013 (retrial phase). The said Litigant's claim targeted the annulment of the shareholders' resolution described in Annex 2 herein. The court's decision is not final, being subject to appeal. The updated table of all pending files, as well as all closed files with the same Litigant, is available on the Fund's webpage at http://www.fondulproprietatea.ro/sites/default/files/list_of_pending_and_closed_cases_with_is_29_march_2016.pdf. Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity of Sole Director of FONDUL PROPRIETATEA S.A. Oana Valentina Truța Legal Representative |
Report date:
30 March 2016 Name of the issuing entity:
Fondul Proprietatea S.A. Registered office:
78-80 Buzesti St.,
7th floor, district 1,
Bucharest, postal code 011017 Phone/fax number:
Tel.: + 40 21 200 9600
Fax: + 40 21 200 9631 Sole Registration Code with the Trade Register Office:
18253260 Order number in the
Trade Register:
J40/21901/2005 Subscribed share capital:
RON 9,869,265,720.90 Paid-up share capital:
RON 9,541,834,605.90 Number of shares in issue: 10,965,850,801 Number of paid shares: 10,602,038,451 Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange GDRs on London Stock Exchange |