S.C. Fondul Proprietatea SA · BVB:FP
S.C. Fondul Proprietatea SA — Fondul Proprietatea — Shareholder Meeting (April 2021)
11 slides from S.C. Fondul Proprietatea SA's shareholder meeting presentation, Apr 20, 2021
Slide 1: The Activity of the Board of Nominees for the Year 2020
THE ACTIVITY OF THE 20 April 2021 BOARD OF NOMINEES FOR THE YEAR 2020
Slide 2: Board of Nominees – Structure as at 31 December 2020
Board of Nominees – Structure as at 31 December 2020 Piotr Rymaszewski Position in BoN: Chairperson Other Current Roles: CEO at Octava Asset Management and Octava SA Mandate Until: 5 April 2021 Ilinca von Derenthall Ciprian Ladunca Position in BoN: Member Position in BoN: Member Other Current Roles:
Slide 3: Board of Nominees – Current Structure
Board of Nominees – Current Structure Ilinca von Derenthall Position in BoN: Chairperson Other Current Roles: Independent Non-Executive Director Mandate Until: 25 November 2023 Omer Tetik Ciprian Ladunca Position in BoN: Member Position in BoN: Member and Chairperson of Other Current Roles: CEO, Ban
Slide 4: Important developments and activities during 2020
Important developments and activities during 2020 • Completion of the eleventh buy-back programme for 797,961,287 shares. The total value of the programme excluding transaction costs was RON 1.07 billion, and the average share price was RON 1.3347 per share; • Gross dividend distribution of RON 418.
Slide 5: Operations and important activities of the Board of Nominees during 2020
Operations and important activities of the Board of Nominees during 2020 • Supporting the Fund Manager in its dialogue and interaction with government and regulatory authorities and the media, including participating in important high-level meetings; • Meetings of the Consultative Committees (the Au
Slide 6: BON Review Report and Its Key Points
BON Review Report and Its Key Points • BON has the duty under Management Agreement to review Performance Report prepared by Fund Manager for the Reporting Period (1 January – 31 December 2020) and report to shareholders. • BON considers that the Performance Report provides a fair and materially accu
Slide 7: January – March 2021 Discount / Premium
1 January – 31 March 2021 Discount / Premium Discount/ Discount / Discount / January 2021 February 2021 March 2021 Premium Premium Premium 04-Jan-21 -10.02% 01-Feb-21 -10.16% 01-Mar-21 -8.52% 05-Jan-21 -10.02% 02-Feb-21 -10.16% 02-Mar-21 -7.93% 06-Jan-21 -10.34% 03-Feb-21 -9.86% 03-Mar-21 -7.93% 07-
Slide 8: Factors Affecting Performance and Fund Manager Actions
Factors Affecting Performance and Fund Manager Actions • BON believes that the challenging local operating environment and market conditions, including the absence of new listings on the Bucharest Stock Exchange and the pandemic, have been contributing factors to the failure to achieve the Discount
Slide 9: BoN Review Report – Summary Conclusions
BoN Review Report – Summary Conclusions • The Performance Report provides a fair and materially accurate account for shareholders of the Fund Manager's performance during the Reporting Period. • BoN encourages the Fund Manager to focus on increasing its efforts in applying Discount Control Mechanism
Slide 10: Important Future Areas of Focus during 2021
Important Future Areas of Focus during 2021 • Potential changes of the Investment Policy Statement during the discussions for a new mandate • Working with the Fund Manager in order to develop the future strategy of the Fund, especially with a view of eventually upcoming Hidroelectrica IPO • Discount
Slide 11: Fondul Proprietatea contact details
Fondul Proprietatea Premium Point Buzesti Street 78-80, 1st District Bucharest 011017 www.fondulproprietatea.ro
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