SIF Oltenia gives up suspension of voting rights for shareholders suspected of orchestrated action
NewsIn - 24 Aprilie 2009
Financial company SIF Oltenia (SIF5) canceled the decision to suspend the voting rights of a group of 46 shareholders owning 6.8 percent of the company's share capital after the capital market watchdog CNVM sent a correction stating they were not planning an orchestrated action, the firm announced.
SIF Oltenia apologized to its shareholders for the inconvenience.
The leadership of SIF Oltenia had announced earlier today that it suspended the voting rights for 39.45 million shares, tantamount for 6.8 percent of the share capital, as it suspected the owners plan to act in an orchestrated manner during tomorrow's general assembly of shareholders.
The total number of suspended shares would have stood at 16.1 percent of the share capital, while the company announced last week that several shareholders will not be able to vote at the meeting for 9.3 percent of the capital.
Most of them are presumably acting in favor of the businessman Catalin Chelu and will have their rights suspended for 49.78 million shares or 8.58 percent of the share capital.
According to the capital market laws, no financial company shareholder can own more than 1 percent of the voting right.
SIF Oltenia has a share capital of 58.02 million lei, divided among 580.16 million shares at a face value of 0.10 lei. A share was worth 0.79 lei at closing bell yesterday, which makes for a capitalization of 458.3 million lei.
Sursa: http://www.newsin.ro
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