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 Investment Manager"), in its capacity as investment 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 three ongoing litigations described in Annex 1, only one pertains to the annulment of shareholders' resolutions and this is 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 on 22 December 2016 Bucharest Court of Appeal announced that it has rejected the Litigant's claim in file no. 17692/3/2013 (retrial phase and new number of file 1311/2/2016). The said Litigant's claim targeted the annulment of the EGM Resolution no. 2/04.04.2012 for amending the Constitutive Act and EGM Resolution no. 3/25.04.2012 for subscribed share capital decrease and a request for de-registration with Trade Registry of these resolutions. The court's decision is final. 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_23_dec_2016.pdf Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity of Investment Manager of FONDUL PROPRIETATEA S.A. Oana Valentina Truța Legal Representative | Report date:
27 December 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 9,168,314,116.70 Paid-up share capital:
RON 8,859,073,619.20 Number of shares in issue: 10,786,251,902 Number of paid shares: 10,422,439,552 Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange GDRs on London Stock Exchange |