The Extraordinary General Meeting of Shareholders (AGEA) of the Fondul Proprietatea (FP) decided on Tuesday to reduce the share capital by approximately 503.7 million lei to 5.239 billion lei, according to a release published on the website of the Bucharest Stock Exchange (BVB). Therefore, the subscribed share capital cut of the Fondul Proprietatea was approved from approximately 5.724 billion lei to 5.239 billion lei by reducing the share's nominal value from 0.57 lei to 0.52 lei.
"The cut is justified by the share capital's optimization of the Fondul Proprietatea, including the reimbursement of contributions' share to the shareholders, proportionally with the sharing to the paid share capital of the Fondul Proprietatea. After the cut, the subscribed share capital of the Fondul Proprietatea will stand at 5,238,521,987.92 lei, divided in 10,074,080,746 ordinary shares with a nominal value of 0.52 lei," the quoted source mentions.
Moreover, the durable power of attorney was decided, with the possibility of substitution, of Grzegorz Maciej Konieczny to sign shareholders' decisions, as well as the amended and current form of the Constitutive Act, as well as any other documents related to it, for fulfilling of all the procedures and formalities stipulated by the law in order to implement the shareholders' decisions, including their publishing and registering formalities with the Trade Registry or any other public institution.