CONFERINȚA "Viitorul pieței de capital românești" - Ediția a VI-a
A GENERAL SHAREHOLDER MEETING WITHOUT SURPRISES
BURSA 12.08.2014

GABRIELA MĂRĂCINEANU (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  Mihai Fercală: "After he saw how big the quorum was, he realized he didn't stand a chance and left the meeting"
     *  Constantin Frățilă says he will dispute yesterday's general shareholder meeting in an urgent manner, claiming absolute nullity
       Constantin Frățilă has been dismissed from the position of member on the Supervisory Board of SIF3 Transilvania, following yesterday's General Shareholder Meeting, and all of his proposals have been rejected.
     Mihai Fercală, the president of the directorate, has defeated Frățilă, one of the largest shareholder of SIF3, who had declared war on him and wanted to hold him liable. The outcome of the General Shareholder Meeting was in line with expectations expressed by several market participants, even though not everyone agrees that Fercală is necessarily right.
     Yesterday's shareholder meeting was attended by proxies and 33,357 shareholders who own a combined 37.79% of the share capital voted by mail.
     The dismissal of Constantin Frățilă from the Supervisory Board was approved with a quorum of 93%, and the action based on liability against Mihai Fercală was rejected with 95% of the votes against it.
     Mihai Fercală told us that former football referee Constantin Frățilă did not participate in the meeting, even though he was present and he got his voting form: "All of the proposals of Mr. Frățilă were rejected. After he saw how big the quorum was, he realized he didn't stand a chance and left the meeting, with the whole group".
     Mr. Fercală said that approximately 30 shareholders have sent in powers of attorney for Frățilă to represent them, but the latter turned them down: "In my opinion, Frățilă receiving those powers of attorney and refusing to use them was all an act".
     Mr. Fercală further said: "The Frățilă group hoped that not all the shareholders would attend, that the General Shareholder Meeting would not be held, and that he would be able to twist everybody's minds, but the shareholders did not allow themselves to be fooled by him and his kind of people, in spite of their dirty campaign".
     As for him, businessman Constantin Frățilă has a different version: "I could not participate in the meeting, because the manager of the investment company, Mihai Fercală, went crazy, he couldn't control what he was saying, he started telling stories about the reasons which made me buy shares in SIF3 many years ago, he brought up the subject of COMCM and Scut. There was no way to stay and go through such a general shareholder meeting". As for the 30 powers of attorney which it received, he explains his refusal to accept them by saying that he didn't think it was appropriate to vote on behalf of shareholders to whom he had never talked and whose opinion he didn't know.
     Constantin Frățilă told us he intends to challenge yesterday's General Shareholder Meeting, in an urgent manner, claiming absolute nullity, because votes by mail were not possible.
     The Ordinary General Shareholder Meeting yesterday rejected the proposals made by former football referee.
     Together with a group of shareholders who together own 5.02% of the share capital of SIF3, had asked for the application of the method of the cumulative vote for the election of the members of the Supervisory Board, as well as for the use of age as a selection criteria for the members of the Supervisory Board who got the same number of votes, expressed by the same number of shareholders.
     The Extraordinary General Shareholder Meeting rejected, with a quorum of 56.67% of the votes, the proposal of Frățilă to dismiss the administrators and executives of companies where SIF3 is a majority shareholder, if they fail to meet the profit targets set through the Revenue and Expenses Budget.
     54.78% of the shareholders voted against another proposal made by Constantin Frățilă, which stipulated not paying any supplemental compensation or bonuses to the administrators and executives of the companies where SIF3 is a majority shareholder, in any financial year where the NAV would decrease compared to the previous financial year.
      *  New accusations
     The scandal between Fercală and Frățilă resumed after the former football referee was dismissed from the positions of Board Member and Chairman of the Board of Directors of COMCM because, according to the new operating rules of SIF Transilvania, he was not allowed to hold executive positions or serve on the Boards of companies which are part of the portfolios of SIF5.
     COMCM is controlled by SIF Transilvania (SIF3), with a stake of 56.7%, and Frățilă together with his family holds 31.6% of the share capital. In the past, Frățilă and SIF Transilvania have been involved in a conflict over the control of Scut Constanța, a company in which COMCM holds 64.0071% of the share capital, whereas the former football referee holds 32.7660%.
     Yesterday, Mihai Fercală has brought up again for discussion the control of Scut Constanța: "Frățilă and his mob of COMCM have begun selling off at Scut. They've begun selling the shares that COMCM holds in Scut, to make COMCM to lose its controlling interest. The people who are buying now are probably proxies of Frățilă. By tomorrow morning (ed. note: today), we will file a criminal complaint against the shareholders.
      COMCM is refusing to fill out the papers sent by SIF Transilvania, by adding the dismissal of the members of the Board to the agenda of the General Shareholder Meeting. Frățilă sees himself the absolute master and is not allowing anybody to enter the premises of COMCM. He thinks that by doing so, he will prevent the General Shareholder Meeting from being held and we will not file the actions based on liability against him and dismiss the members of the Board of Directors. So far, the ASF has defended Frățilă. It has not issued any sanctions against him. We are going to ask the ASF to freeze the settlement of the stock trades conducted at Scut. Those trades are fraudulent, conducted by a criminal faction".
     After Frățilă was elected both president of CMCM, as well as a member on the Supervisory Board of SIF3 Transilvania, it seemed that he had reached an agreement with Mihai Fercală. But now, it seems like there is no way for a reconciliation to happen. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
PSD LEADERS HAVE APPROVED THE CREATION OF A COMMISSION TO INVESTIGATE THE ANRE
THE MISSION OF BSE PRESIDENT LUCIAN ANGHEL
FINANCE MINISTRY ONCE AGAIN CONFIRMS WHAT BURSA HAS REPORTED BEFORE:
THE ONLY CANDIDATE FOR THE BOARD OF THE EXCHANGE, IN THE GENERAL SHAREHOLDER MEETING OF SEPTEMBER 14TH
ENERGY MINISTRY WANTS TO UPDATE THE ENERGY STRATEGY, BY MID-OCTOBER
Actualitate - vezi toate știrile mai jos.
Companii-Afaceri, 17:55
MINISTRUL ENERGIEI:
     Ministerul Energiei, Toma Petcu, vrea să delege unităților administrativ-teritoriale sarcina de a organiza licitații pentru concesionarea serviciilor de furnizare a gazelor naturale, printr-un amendament depus la ordonanța privind liberalizarea prețului la gaze, lăsând astfel primăriile să poată contracta servicii de extindere și modernizare a rețelelor de gaze în comunitățile rurale, pentru care Transgaz are în lucru o strategie, a declarat astăzi ministrul de resort, Toma Petcu, într-o conferință ALDE, la Alba Iulia.  detalii
Internaţional, 17:08
LA DOAR PATRU ZILE DUPĂ CUTREMURUL DIN CIUDAD DE MEXICO,
     Un cutremur puternic cu magnitudinea de 6,2 a zguduit astăzi după-amiază provincia mexicană Oaxaca, la patru zile după seismul din metropola Ciudad de Mexico.  detalii
Internaţional, 16:22
     Autoritățile britanice au anunțat astăzi după-amiază închiderea completă a unei porțiuni din aglomerata autostradă M3, după descoperirea unei "substanțe potențial periculoase".  detalii
Companii-Afaceri, 15:02
     Compania Națională de Administrare a Infrastructurii Rutiere (CNAIR) a atribuit un contract de 12,78 milioane lei (2,8 milioane euro), cu TVA, companiei Tehnodomus din Arad pentru finalizarea unui pasaj de pe centura orașului Arad, potrivit unui anunț publicat astăzi pe Sistemul Electronic de Achiziții Publice (SEAP).  detalii
Internaţional, 14:19
     Președintele Franței, Emmanuel Macron, insistă că Guvernul May trebuie să ofere mai multă claritate cu privire la poziția adoptată în negocierea crucială pentru Brexit.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
22.09.2017
BVB
     * Piața, dominată de raportarea tranzacției prin care FP a vândut 2,56% din SNP și de listarea obligațiunilor IIB
     * "SIF Banat-Crișana" și-a răscumpărat aproape 540.000 din acțiuni,...  detalii
22.09.2017
BURSELE DIN LUME
     Bursele europene au urmat un curs pozitiv ieri, sectorul bancar fiind în ascensiune după ce Federal Reserve (Fed) din SUA a indicat, în ziua precedentă, că va continua să majoreze costul...  detalii
21.09.2017
BVB
     * Titlurile "OMV Petrom" s-au depreciat cu 2,4%, după anunțul "Fondului Proprietatea" privind derularea unei oferte de vânzare accelerată pentru cel puțin 2,56% din SNP
       Piața principală a Bursei de Valori București (BVB) a înregistrat, în ședința de tranzacționare de ieri, o lichiditate de 36,5 milioane de lei, sub media zilnică a acestui an (47,1 milioane lei),...  detalii
21.09.2017
BURSELE DIN LUME / INVESTITORI ATENȚI LA POLITICA MONETARĂ A SUA
     Acțiunile tranzacționate la bursele din Europa au fluctuat ieri, investitorii așteptând decizia de după reuniunea de politică monetară a Federal Reserve (Fed) din SUA, desfășurată în zilele de...  detalii
20.09.2017
BVB
     * Acțiunile "Erste Group Bank" conduc topul lichidității
     * BET-NG, singurul indice în creștere
       Cea de-a doua ședință de tranzacționare a săptămânii a fost marcată de scăderea majorității indicilor Bursei de Valori București (BVB), singurul coș de acțiuni ce s-a apreciat fiind BET-NG, ce a...  detalii
19.09.2017
BVB
     * Titlurile "SIF Banat Crișana" au crescut cu peste 5%, în urma anunțului privind majorarea prețului din oferta publică de răscumpărare
       Piața principală a Bursei de Valori București (BVB) a înregistrat, în prima ședință de tranzacționare a săptămâ¬nii, o lichiditate de 37,06 milioane de lei, mai mică decât valoarea...  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 22 septembrie 2017
1 Dolar australian...
1 Leva bulgărească...
1 Dolar canadian....
1 Franc elvețian...
1 Coroană cehă...
1 Coroană daneză...
1 Liră egipteană...
1 Euro...
1 Liră sterlină...
100 Forinți maghiari...
100 Yeni japonezi...
1 Leu moldovenesc...
1 Coroană norvegiană...
1 Zlot polonez...
1 Rublă rusească...
1 Coroană suedeză...
1 Liră turcească...
1 Dolar S.U.A...
1 Rand sud-african...
1 Real brazilian...
1 Renminbi chinezesc...
1 Rupie indiană...
100 Woni sud-coreeni...
1 Peso mexican...
1 Dolar neo-zeelandez...
1 Dinar sărbesc...
1 Hryvna ucraineană...
1 Dirham emirate arabe...
1 Kuna croată...
1 Bahtul thailandez...
1 Gram aur...
1 DST...
AUD
BGN
CAD
CHF
CZK
DKK
EGP
EUR
GBP
HUF
JPY
MDL
NOK
PLN
RUB
SEK
TRL
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
3,0533
2,3494
3,1220
3,9559
0,1764
0,6175
0,2170
4,5950
5,1944
1,4834
3,4225
0,2188
0,4927
1,0753
0,0666
0,4821
1,0983
3,8316
0,2906
1,2211
0,5813
0,0592
0,3384
0,2153
2,8065
0,0385
0,1462
1,0432
0,6139
0,1158
159,7366
5,4540
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
click aici pentru cursurile pieței valutare - istoric
English Section
21.09.2017
ANDRE CAPPON, CBM GROUP:
     Andre Cappon, the president of the CBM, Inc. group of New York, comes with a different perspective on the future development of the Bucharest Stock Exchange than that of the current management of...  details
19.09.2017
     * Anghel continues to act illegally and puts Sobolewski on the list, even though he didn't submit his candidacy
       Three candidates have been included in the race for the CEO seat of the Bucharest Stoch Exchange (BVB), during the internal selection process initiated by the Board of Directors, namely, Paul...  details
13.09.2017
PSD LEADERS HAVE APPROVED THE CREATION OF A COMMISSION TO INVESTIGATE THE ANRE
     * Elections at the ANRE this autumn
       Social Democrat leaders have approved the request of PM Mihai Tudose to set up an investigation commission which would audit the activity of the National Authority for the Regulation of the Energy...  details
12.09.2017
THE MISSION OF BSE PRESIDENT LUCIAN ANGHEL
     * The press release about the results of the BSE has omitted mentioning the IPO of Nuclearelectrica
     * Even though it quotes PwC, the data posted by the BSE differs from that of the consulting firm
       In a promotional campaign that isn't justified by reality in any way, the Bucharest Stock Exchange (BVB) is being maneuvered by its president Lucian Anghel into posting wacky press releases...  details
11.09.2017
THE CONTRACT INCLUDES A NON-COMPETE CLAUSE
     Even though the Bucharest Stock Exchange has announced it is looking for a CEO, it is likely that Ludwik Sobolewski will remain on the payroll of the BSE for two more years, because his contract...  details
11.09.2017
FINANCE MINISTRY ONCE AGAIN CONFIRMS WHAT BURSA HAS REPORTED BEFORE:
     Hundreds of millions of Euros have gone from our banks to tax havens, Minister of Public Finance Ionuț Mișa states, in an interview with a financial newspaper. The official thus confirms what BURSA...  details
07.09.2017
     * "I hope that the government won't use the new fiscal regime of royalties as an intimidation tool against hydrocarbon producers"
     * Interview with PNL Lucian Bode, former minister of the economy
       Reporter: What is your opinion on the decision of the authorities to once again change the Energy Strategy?
     Lucian Bode: To me, the unreliability of the current government is...  details
05.09.2017
THE ONLY CANDIDATE FOR THE BOARD OF THE EXCHANGE, IN THE GENERAL SHAREHOLDER MEETING OF SEPTEMBER 14TH
     * Mr. Hanga hopes for a constructive approach and aimed at the future, and at the development of the BSE
       Radu Hanga, senior advisor for the Board of Directors of Banca Transilvania, is the only candidate proposed to fill out the Board of the Bucharest Stock Exchange, after the death of Cristian Micu,...  details
05.09.2017
ENERGY MINISTRY WANTS TO UPDATE THE ENERGY STRATEGY, BY MID-OCTOBER
     * State secretary Andrei Maioreanu: "The updating of the Strategy was necessary, because the existing draft was predominantly focused on the objectives expressed by the EU and less on the objectives of the Romanian energy system"
     * Ion Lungu: "Each government devises a new strategy"
       The amendment of the Energy Strategy in one month is a bad joke, says Jack Cutișteanu, CEO of Petprod, reacting to the announcement made by the representatives of the Ministry of Energy, according...  details
30.08.2017
ISAR, ABOUT THE CONSTANT INCREASE OF THE EURO:
     * Senator Daniel Zamfir wants to call Mugur Isărescu in for hearings, next week
     * Isar: "The opening of the parliamentary session involves multiple negotiations"
     * The leu has weakened to 4.5985 lei against the Euro
       The leu yesterday weakened again, reaching the level of 4.5985 lei against the Euro, after on Monday it was quoted at 4.5958 lei.  details
29.08.2017
     * Dochia: "The pension fund management firms will close down on their own if the fee gets eliminated"
     * Aurelian Dochia: "The government's communication is a permanent blunder, and the result is that nobody is interested anymore in what the authorities are saying"
     * PFP: "The current government, starting with its own prime-minister, is characterized by a ferocious economic illiteracy"
       The 2nd pension pillar continues to be the focus of politicians, who come out with conflicting statements on the matter. After last week, PM Mihai Tudose and deputy prime-minister Marcel have...  details
25.08.2017
THE BSE CRISIS
     The embarrassing situation generated at the Bucharest Stock Exchange (BSE) by its former CEO Ludwik Sobolewski, who, with the complicity of BSE president Lucian Anghel, has tried, against the will...  details
24.08.2017
IF THE CONTRIBUTION IS REDUCED
     * "If the state pension system is the only one that gets kept, eventually the state may be unable to pay the pensions", says Dochia
       The 2nd pension pillar is once again grabs the attention of the public, after information from sources surfaced yesterday that the Ministry of Public Finances intends to cut by half the...  details
23.08.2017
     Ludwik Sobolewski announced, on Monday night, that he has decided not to exercise his mandate as CEO of the Bucharest Stock Exchange, "even though he could", invoking an alleged difference...  details
22.08.2017
     We are left with one expression - "You've stooped to Sobolewski's level?!" - because the former CEO of the BSE has become a proverbial figure through his unprecedented scandal which...  details
.