Prolongation of the selection process for an AIFM

Fondul Proprietatea S.A.

22 October 2024

 

To:          Bucharest Stock Exchange                 Financial Supervisory Authority                London Stock Exchange Current report according to Article 234 para. (1) of the Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Article 99 letter a) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments. Important events to be reported: Prolongation of the selection process for an alternative investment fund manager Further to Resolution no. 9 / 25 September 2023 of the Ordinary General Meeting of Shareholders ("OGMS") of Fondul Proprietatea S.A. ("FP"), published on the FP's website here, and the public announcement dated 7 October 2024, regarding the commencement of the selection process for an alternative investment fund manager for FP, in order to allow additional time for further submissions of interest, the Board of Nominees ("Board / BoN") of FP has decided to extend the deadline for submissions from the previously stated 21 October 2024 to 4 November 2024. Prospective AIFM candidates are therefore invited to register their interest with Deutsche Numis by no later than 4 November 2024. Contact details for whom are provided at the conclusion of this announcement. Deutsche Numis Nathan Brown Amit Wangoo Tel: [phone] Email: [e-mail] Appendix The following selection criteria, as approved within the OGMS of 27 September 2024, shall be used when selecting the new AIFM of Fondul: a.   Established investment management entity operating to global standards in asset management, client servicing, compliance, financial reporting, investor relations, and risk management, and with experience and expertise in mandates invested in Romania and/or similar markets. b.   Proposal for Fondul's investment mandate which should predominantly be focused on continued investment in domestic entities, including state-owned enterprises, and which may involve further direct or indirect investment in unquoted entities. c.   Regulatory authorisation necessary to implement Fondul's investment mandate, specifically an AIFM authorised as an alternative investment fund manager by the Romanian Financial Supervisory Authority or an EU-authorised AIFM with a credible basis for seeking a passport to operate in Romania. d.   Internal resources necessary to implement Fondul's investment mandate including operational capacity in Romania (or credible basis for establishing a Romanian office) (or credible proposal to put resources in place which may involve an outsourcing model). e.   Remuneration structure aligned with interests of shareholders as a whole in the long-term delivery of Fondul's investment mandate. The Board of Nominees of FONDUL PROPRIETATEA S.A. Ilinca von DERENTHALL Chairperson

Report date: 22 October 2024 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: [phone] Email: [e-mail] 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 1,849,342,164.28 Number of shares in issue and paid-up: 3,556,427,239 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange

 

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