BUCHAREST - Fondul Proprietatea S.A., a Romanian investment fund, has disclosed its shareholding structure and total number of voting rights as of December 31, 2024. The report, released today, details the composition of shareholders and their respective voting powers within the fund.
According to the statement, Romanian private individuals hold the majority stake in the fund, with 50.92% of both subscribed and paid-up share capital and total voting rights. This group also commands the largest portion of total exercisable voting rights, amounting to 56.58%. Romanian institutional shareholders follow with 16.01% of shares and voting rights, and a 17.79% share of exercisable voting rights.
The Ministry of Finance is listed as a significant shareholder, maintaining 10.42% of the fund's shares and voting rights, translating to 11.57% of the exercisable voting rights. Foreign private individuals and institutional shareholders hold 4.92% and 6.21%, respectively, of both the shares and total voting rights, with the latter group having 6.90% of the exercisable voting rights.
The Bank of New York Mellon (NYSE:BK), acting as the depository bank for the fund's Global Depository Receipts (GDRs), holds 1.52% of the shares and voting rights, which represent 1.69% of exercisable voting rights. It is noted that the GDRs held by Fondul Proprietatea itself were excluded from BNY's holding.
The report also states that the total number of shareholders stands at 22,803. The total number of voting rights is 3,556,427,239, with 3,200,784,516 being exercisable. The non-exercisable votes relate to the Fund's treasury shares, which were acquired under the 15th buyback program and amount to 10% of the total shares.
Fondul Proprietatea's share capital is reported at RON 1,849,342,164.28, with the number of issued and fully paid-up shares totaling 3,556,427,239. The fund's shares are traded on the Bucharest Stock Exchange, while its GDRs are available on the London Stock Exchange (LON:LSEG).
The information, based on a press release statement, provides investors with updated insights into the fund's ownership and voting rights distribution, an essential aspect for shareholder decision-making and governance.
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