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Current report drafted according to the stipulations of the 226 article of the Law no. 297/2004
Tue, 01/03/2012 - 11:25
On the date of December 28, 2011 the Ordinary General Meeting of Shareholders of S.C. Alro S.A. took place
The following shareholders attended:
· Vimetco NV, holding shares representing 84.1898% of the share capital, represented by Madalina Ivan;
· Proprietatea Fund, holding shares representing 10.2111% of the share capital, represented by Oana Truta;
· S.C. Conef S.A., holding shares representing 3.7689% of the share capital, represented byMadalina Ivan;
· Constantin Stoian, holding shares representing less than 0.0001 % of the share capital;
· Gheorghe Dobra, holding shares representing less than 0.0001 % of the share capital;
· Constantin Popescu, holding shares representing less than 0.0001 % of the share capital;
· Marin Tudor, holding shares representing less than 0.0001 % of the share capital;
· Templeton Frontier Markets Fund, which holds shares representing 0.0028 % of the share capital, has voted by correspondence;
The shareholders attending the Ordinary General Meeting hold shares amounting to 98.173 % of the
share capital.
The following decisions have been made:
1. By a number of 700,735,745 votes in favour amounting to 99.9 % of the share capital represented for in the meeting and 248 abstaining votes the modification of the 2011 Revenues and Costs Budget, in the version proposed by the the Board of Directors has been approved, with the following main financial indicators:
- turnover: 721,799,774USD
- total revenue: 843,302,360 USD
- total expenditure: 752,151,016 USD
- net profit: 76,140,110 USD.
2. By a number of 700,735,745 votes in favour amounting to 99.9 % of the share capital represented for in the meeting and 248 abstaining votes, the mandate of Mr. Ion Constantinescu to make all the formalities required for the registration of the decisions of the Ordinary General Meeting of Shareholders,is approved.
3. By a number of 700,735,993 votes in favour amounting to 100 % of the share capital represented for in the meeting, the date of January 17th, 2012 is approved as registration date for all the decisions made in this Ordinary General Meeting of Shareholders, in compliance with the provisions of art. 238 of Law no. 297/2004 regarding the Capital Market.
