WITH THE GENERAL SHAREHOLDER MEETING OF SIF3 GETTING NEAR
BURSA 21.10.2014

GABRIELA MĂRĂCINEANU (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     The directorate of SIF3 Transilvania sent a letter to its shareholders explaining the items on the agenda of the shareholder meeting scheduled for October 20th/21st, submitted by Constantin Frățilă, who owns 5% of the company together with other associates.
     Frățilă wants to file a liability lawsuit against Mihai Fercală, the executive president of SIF3, claiming that he did not use the special form required for the power of attorney, in the General Shareholder Meeting of August 11th, as well as for not having published the list of the 63 shareholders that have asked for the dismissal of Frățilă from the Supervisory Board.
     The Board of Directors of SIF3 says that the special power of attorney was validated through court rulings, and its legality was validated by two audits of the CNVM and of the ASF, and of top of that, Constantin Frățilă was elected as member of the Supervisory Board based on the same special power of attorney.
     On the other hand, Mr. Frățilă claims that the ruling that the head of SIF3 is talking was rendered in 2006. He said: "The law has seen amendments since then, and in 2014, Fercală was fined for using this special power of attorney. Wouldn't it have made sense to stipulate this in the letter as well, or is he afraid of raising questions? He even should have mentioned that the ASF has specified that by using that power of attorney, the shareholders' rights have been infringed".
     As for the list of the 63 shareholders, Mihai Fercală, the one who signs the letter says that in order to protect them, he can't disclose their identity. In his opinion, Mr. Frățilă wants to file lawsuits against them.
     Mr. Frățilă reminds of the fact that the ASF has required the directorate to disclose the names of the shareholders who asked for his dismissal. Constantin Frățilă asks: "If the secrecy concerning the identities and the holdings of the shareholders is so important, why didn't Mr. Fercală ask the shareholders who signed alongside with me whether they wanted their names and holdings to be disclosed?"
     Frățilă, who controls 5% of SIF3, is also asking for the cumulative voting method to be included in the articles of incorporation when it comes to the election of the members of the Supervisory Board.
     The executives of SIF Transilvania states that the application of this method was regulated in order to protect minority shareholders from majority shareholders, and since at SIF3 there are no majority shareholders, nor can there be, the implementation of the method is unnecessary and inopportune and it would serve the interests of Constantin Frățilă.
     Mr. Frățilă told us: "The visceral fear of Mihai Fercală when it comes to the Supervisory Board getting elected through the cumulative voting method is obvious, as well as of the secret voting by mail, which would allow shareholders to express their votes directly, without resorting to those special power of attorneys, is obvious. These methods would not allow controlling the voting process, I think that's what it is about. He says that the cumulative vote is not opportune nor necessary, and that having it implemented would serve my interests. Didn't lawmakers know, when they passed the regulation on cumulative voting without exempting the SIFs from it, whether it was opportune or not?"
     The letter sent by SIF3 to its shareholders also states: "All the actions of the Frățilă group are clearly harassment, abuse of dominant shareholder position, the exercising in ill-faith of the rights granted by its shares, going against the legitimate interests of the other shareholders. The contempt the Frățilă group has for the small shareholders of SIF3 is well-known".
     Constantin Frățilă says that, "through this letter, Fercală actually expresses his fear of the items that are on the agenda of the General Shareholder Meetings getting approved. When he speaks about the Directorate or the Supeervisory Board, I think that Mr. Fercală is actually speaking exclusively about himself, and the others are just extensions of himself. He should not forget that nothing and no one last forever."
     Constantin Frățilă and Mihai Fercală have been involved in an open conflict for a few months, each one trying to outdo each other in statements, accusations, proposals for the General Shareholder Meetings and lawsuits.
     After the confrontation in the SIF3 General Shareholder Meeting of August, when Mihai Fercală came out the winner, and Frățilă was dismissed from the position of member of the Supervisory Board, the two are set to clash again, in the General Shareholder Meeting of October 20th and 21st, where the shareholders will have to decide on filing a liability lawsuit against the following SIF3 Directorate members: Mihai Fercală, Iulian Stan (executive vice-president and deputy CEO) and Mihăilă Ion (former executive vice-president), who, according to the group formed around Frățilă, have exceeded their duties. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
11 DAYS LEFT / TRICKS TO FORCE THE EXTENSION OF THE MANDATE OF THE CEO OF THE BSE
FINANCE MINISTER CONFIRMS WHAT BURSA REPORTED FIVE MONTHS AGO:
GABRIEL DUMITRAȘCU, ABOUT THE INCREASE OF THE PRICE OF ELECTRICITY:
IN THE ROW OF THE DOUBLE STANDARD
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
Actualitate - vezi toate știrile mai jos.
Internaţional, 12:27
     Oamenii de știință din Regatul Unit au dezvoltat cel mai mic robot chirurgical din lume, iar acesta ar putea să transforme operațiile de zi cu zi pentru mii de pacienți, potrivit The Guardian.  detalii
Companii-Afaceri, 11:39
     O subsidiară a companiei israeliene Elbit Imaging a anunțat recent că a semnat o scrisoare de intenție cu un fond de investiții pentru a vinde 98,2% din compania care deține hotelul Radisson din București cu 177,5 milioane euro, potrivit unui anunț publicat pe site-ul bursei americane Nasdaq.  detalii
Bănci-Asigurări, 10:56
     Banca Națională a României (BNR) a lansat o licitație prin care vrea să cumpere servicii de telefonie mobilă, pentru o perioadă de patru ani, cu maximum 2,05 milioane lei (450.000 euro), cu TVA, potrivit unui anunț publicat recent pe Sistemul Electronic de Achiziții Publice (SEAP).  detalii
Miscellanea, 10:18
ÎN ULTIMA SĂPTĂMÂNĂ,
     Măsuri preventive de supraveghere judiciară au fost dispuse, în ultima săptămână, în cazul a 121 de persoane și au fost înregistrate șapte decizii de înlocuire a măsurilor de supraveghere judiciară dispuse inițial, potrivit unui comunicat de presă al Poliției Române.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
18.08.2017
BVB
     * Titlurile BRD, cele mai tranzacționate
       Piața principală a Bursei de Valori București (BVB) a înregistrat, în ședința de tranzacționare de ieri, o lichiditate de 48,7 milioane de lei (10,63 milioane euro), mult mai mică decât cea...  detalii
18.08.2017
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au scăzut ușor ieri, pe fondul îndoielilor traderilor privind o viitoare majorare a dobânzii de către banca centrală americană.  detalii
17.08.2017
BVB
     Piața principală a Bursei de Valori București (BVB) a fost dominată, în ședința de ieri, de două tranzacții de tip "deal" realizate cu acțiuni "SIF Moldova" (SIF2), totalizând 51,5...  detalii
17.08.2017
BURSELE DIN LUME
     Acțiunile companiilor listate la bursele din Europa au urmat un curs pozitiv ieri, investitorii îndreptându-și atenția către informațiile economice odată ce tensiunile geopolitice s-au mai redus.  detalii
11.08.2017
BVB
     * Marcel Murgoci, "Estinvest": "Ședința s-a desfășurat în ton cu ceea ce s-a întâmplat pe piețele externe"
     * "OMV Petrom" și "Banca Transilvania" și-au publicat rezultatele la șase luni
       Ședința de tranzacționare de ieri de la Bursa de Valori București (BVB) a fost una de scăderi, care s-a desfășurat "în ton" cu evoluțiile de pe piețele externe, potrivit domnului Marcel...  detalii
11.08.2017
BURSELE DIN LUME
     Bursele din Europa au urmat un curs descendent ieri, pe fondul persistenței tensiunilor geopolitice dintre Coreea de Nord și SUA, care și-au adresat reciproc amenințări.  detalii
Cotații Internaționale

Prognoza Meteo
     20.08.2017 
     Prognoza pentru România
     Vremea va fi călduroasă în cea mai mare parte a țării, caniculară după-amiaza pe arii relativ extinse în Oltenia, Muntenia și local în Moldova și Transilvania, unde și disconfortul termic va fi ridicat, indicele temperatură umezeală (ITU), urmând să atingă și să depășească ușor pragul critic de 80 de unități. Cerul va fi variabil, dar în regiunile vestice, nord-vestice și pe arii restrânse în cele centrale instabilitatea atmosferică se va accentua treptat și mai ales în a doua parte a intervalului se va manifesta prinînnorări temporar accentuate, averse care vor avea și caracter torențial, frecvente descărcări electrice, intensificări ale vântului ce vor lua și aspect de vijelie și căderi de grindină. Cantitățile de apă vor depăși izolat 20...25 l/mp. Temperaturile maxime se vor încadra între 28 și 36 de grade, cu cele mai scăzute valori pe litoral și în extremitatea de vest a țării, iar cele minime vor fi cuprinse între 13 și 23 de grade, mai scăzute în depresiuni spre 8...9 grade.
     Prognoza pentru București
     Vremea va fi călduroasă, chiar caniculară după-amiază. Temperatura maximă se va situa în jurul valorii de 35 de grade, iar cea minimă va fi de 17...18 grade, ușor mai scăzută în zona preorășenească. Cerul va fi variabil, mai mult senin în prima parte a zilei, iar vântul va sufla slab și moderat. 
Curs Valutar

Curs valabil din data de
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
3,0951
2,3460
3,0880
4,0606
0,1758
0,6170
0,2198
4,5883
5,0360
1,5110
3,5800
0,2198
0,4918
1,0728
0,0657
0,4805
1,1069
3,9066
0,2946
1,2305
0,5855
0,0609
0,3423
0,2184
2,8612
0,0385
0,1531
1,0636
0,6199
0,1176
162,7078
5,5046
..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
11.08.2017
     Twenty seven banks haven't paid any profit tax in the last 6 years, which has shaken Minister of Public Finances Ionuț Mișa, as well as some MPs, bankers and even the Governor of the National...  details
10.08.2017
11 DAYS LEFT / TRICKS TO FORCE THE EXTENSION OF THE MANDATE OF THE CEO OF THE BSE
     Considering how many tricks Lucian Anghel, the president of the Bucharest Stock Exchange has tried, in order to extend the term of CEO Ludwik Sobolewski, it would be actually crazy if they...  details
08.08.2017
JACK CUTIȘTEANU, PETPROD:
     The state speculates the economy and household consumers, through Hidroelectrica, CEO, Nucleareletrica and CEH, says Jack Cutișteanu, the CEO of Petprod, referring to the evolution of the price of...  details
03.08.2017
FINANCE MINISTER CONFIRMS WHAT BURSA REPORTED FIVE MONTHS AGO:
     * PNL senator Daniel Cătălin Zamfir asks for a "list of shame" of banks that don't pay taxes
     * According to information obtained by BURSA, between 2011-2015, banks in Romania paid 1.3 billion lei (288 million Euros) in taxes
       Public Finance Minister Ionuț Mișa says that almost three quarters of banks operating in Romania haven't paid profit tax in the last few years. With that statement, the head of the Finance...  details
02.08.2017
GABRIEL DUMITRAȘCU, ABOUT THE INCREASE OF THE PRICE OF ELECTRICITY:
     * Dumitrașcu: "Among other things, we recently even had to import the system services, and system services energy is three times more expensive than that on the Day-Ahead market"
       The price of electricity and its increase on the Day-ahead market (PZU) of the OPCOM exchange keeps causing discontent among the players and specialists on the market and is keeping consumers on...  details
01.08.2017
EUROPEAN MP RAMONA MĂNESCU:
     * "We have asked for clarifications and a position of the Commission on whether the Hungarian initiative complies with the Energy Security Strategy of the European Union and the coordination with BRUA"
       The announcement of Hungarian gas operator FGSZ that BRUA would end in Hungary instead of in Austria was surprising and it didn't come as a result of consultations with its regional partners or...  details
31.07.2017
STOCK MARKET SOURCES:
     Lucian Anghel, the president of the BSE, today summoned the Board of the BSE to discuss the terms of the contract of Ludwik Sobolewski, whose mandate expires on August 21st. According to sources...  details
28.07.2017
IN THE ROW OF THE DOUBLE STANDARD
     * The Minister of Agriculture continues to hide the names of the products that have a double standard and of their producers
     * "The minister of agriculture mismanaged the issue of the double standard of food products", says Costel Stanciu, the president of the APC, who asked for the resignation of Petre Daea
       The results of the tests concerning the double standard, conducted on some of the foods and presented on Wednesday by agriculture minister Petre Daea has raised a series of questions, angering both...  details
27.07.2017
ROW AROUND OLTCHIM
     * Ștefan Vuza made a series of statements lately, saying that Oltchim is not making investments, that are there companies that parasitize Oltchim and that the plant's profit isn't real
     * Oltchim executives: "It can be said that the participation of Chimcomplex in the process for the sale of Oltchim has been made exclusively in order to get access to information that would then be used for the benefit of their own businesses"
     * Piperea: "If, because of these statements, the sale of the distinct blocks of assets fails, then Oltchim will bring a tort liability lawsuit, signed by me"
       At Oltchim there is corruption and there are no parasite companies, lawyer Gheorghe Piperea, bankruptcy trustee of the Râmnicu Vâlcea plant, in response to the statements made over the course of...  details
26.07.2017
SOURCES CLOSE TO THE SITUATION:
     * Sources: "A large segment of the price asked for the Mariott building represents the loan contracted by Grand SRL and guaranteed by the state"
     * Dedeman wants to buy the Marriott complex, according to our sources
     * AFI Europe has announced that Dedeman is scrapping plans to buy AFI 4 and 5
       The Austrians of Strabag are asking for 140 million Euros for the building the Marriott hotel of Bucharest is operating in, according to sources close to the deal.  details
25.07.2017
SPECIALISTS:
     * The BRUA project can no longer be funded, after Hungary announced that it would stop on the Hungarian territory, our sources are saying
       The BRUA pipeline, which was supposed to go through Bulgaria, Romania, Hungary and Austria, will have the same fate as Nabucco, meaning it won't be built, some market specialists think.  details
24.07.2017
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
     * (Interview with Mr. Radu Grațian Ghețea, the president of CEC Bank)
     * CEC Bank intends to end this year with a three figure profit
     * CEC Bank chairman: "When the EBA makes moves and finds an easing of interest rates is possible, then that will happen over here as well"
     * Radu Ghețea: "In the case of Romcab, we have begun the foreclosure, we have foreclosed some of the collaterals and we will continue to foreclose on others"
       CEC Bank intends to end this year with a three figure profit, Radu Grațian Ghețea, the chairman of the bank told us in a sizeable interview.  details
22.07.2017
MIRCEA URSACHE, ASF:
     * Ursache: "Romcab is required to file the same reports during its restructuring period as it would during normal operation"
       "Romcab" (MCAB) has the same reporting obligations, during the restructuring period, that it does during its regular operation, said Mircea Ursache, vice-president of the Financial...  details
19.07.2017
MIRCEA URSACHE CONFIRMS:
     * Ursache: "We are asking the market operator to comply with corporate governance"
     * In fact, the investigation targets Lucian Anghel, the president of the BSE, because he is the one that can summon the board
       The Financial Oversight Authority is conducting an analysis of the manner of summoning and unfolding of the Board of Directors of the Bucharest Stock Exchange Mircea Ursache, vice-president of the...  details
17.07.2017
     The Association of Brokers has taken a stand against the exclusion of the BURSA newspaper from the guest list of the official events of the Bucharest Stock Exchange, reported on Friday.  details
.