Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Super-shares at Romanian developer One United subject to Court ruling

The decisions approved by the shareholders of Romanian developer and property investor One United (ONE) on September 10 were referred by the Trade Registry to the Court, Bursa daily reported, interpreting a statement to investors issued by the company.

Among the decisions, there is the option to give part of the shares held by the founding members the status of super-shares - meaning five voting rights. The decision, endorsed after the IPO that diluted founders' share below 50%, gave them again majority control over the company in terms of voting rights.

The shareholders approved on September 10 the introduction of a new class of shares, B, to confer founding shareholders Victor Căpitanu and Andrei Diaconescu a voting power five times greater than regular shares.

According to the EGMS convening notice, 11.37% of the company's share capital owned by Victor Căpitanu will be converted into Class B shares. The same percentage of the capital is valid for Andrei Diaconescu. Consequently, the two will hold 59% of the total voting rights.

andrei@romania-insider.com

(Photo source: Bvb.ro)

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Super-shares at Romanian developer One United subject to Court ruling

The decisions approved by the shareholders of Romanian developer and property investor One United (ONE) on September 10 were referred by the Trade Registry to the Court, Bursa daily reported, interpreting a statement to investors issued by the company.

Among the decisions, there is the option to give part of the shares held by the founding members the status of super-shares - meaning five voting rights. The decision, endorsed after the IPO that diluted founders' share below 50%, gave them again majority control over the company in terms of voting rights.

The shareholders approved on September 10 the introduction of a new class of shares, B, to confer founding shareholders Victor Căpitanu and Andrei Diaconescu a voting power five times greater than regular shares.

According to the EGMS convening notice, 11.37% of the company's share capital owned by Victor Căpitanu will be converted into Class B shares. The same percentage of the capital is valid for Andrei Diaconescu. Consequently, the two will hold 59% of the total voting rights.

andrei@romania-insider.com

(Photo source: Bvb.ro)

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters