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GSM approval of the initiation of Hidro's listing

31st Mar 2022 16:04

RNS Number : 8319G
Fondul Proprietatea S.A.
31 March 2022
 

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

 

Current report according Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments1

Important events to be reported:

Initiation of the listing of S.P.E.E.H. HIDROELECTRICA S.A. (the "Company") was approved in the general shareholders meeting of the Company

Franklin Templeton International Services S.À R.L., in its capacity as Alternative Investment Fund Manager and sole director of Fondul Proprietatea SA (the "Fund"), would like to inform shareholders that today, 31 March 2022, the general shareholders meeting of S.P.E.E.H. Hidroelectrica S.A. approved the initiation of the listing of the Company's shares on the Bucharest Stock Exchange following a public offering of the Company's shares held by the Fund.

The approval is a positive development as it allows the Fund to explore, together with the advisors to be appointed in this process, a wider array of options with regards to a potential realization of all or part of its holding in the Company.

The Fund currently holds 19.94% of the issued share capital of the Company (representing 66.15 % of the Fund's NAV as at 28 February 2022).

Further current reports with additional information will be made as and when there will be relevant information.

 

Franklin Templeton International Services S.À R.L, in its capacity of alternative investment fund manager of FONDUL PROPRIETATEA S.A.

Johan MEYER

Permanent Representative

Report date:

31 March 2022

 

Name of the issuing entity:

Fondul Proprietatea S.A.

 

Registered office:

76-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

 

Phone/fax number:

Tel.: + 40 21 200 96 00

Fax: +40 31 630 00 48

 

Email:

[email protected]

 

Internet:

www.fondulproprietatea.ro

 

Sole Registration Code with the Trade Register Office:

18253260

 

Order number in the Trade Register:

J40/21901/2005

 

Subscribed and paid-up share capital:

RON 3,334,342,422.84

 

 

Number of shares in issue and paid-up:

6,412,196,967

 

 

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

 

 

 

 

 

 

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