BURSA DE VALORI BUCURESTI SA (#BVB) called an extraordinary general meeting of shareholders for topics related to CCP.RO București S.A. namely:
- The mandate of the Bucharest Stock Exchange Board to approve the business plan of CCP.RO, updated, subject to the approval of the shareholders of this company in the GM of September 4, 2024.
- The mandate of the Bucharest Stock Exchange Board to participate in the name and for the Stock Exchange, as a shareholder of CCP.RO, up to a maximum value of 3 million euros in any operation or operations to increase the share capital. In the supporting documents published by BVB, the updated business includes a scenario of gradual capitalization of the share capital increase: in 2024 a capital increase of 1 million Euros and in 2025 with 4 million Euros.
CCP.RO BUCHAREST S.A. was founded on November 4, 2019, with an initial capital of approximately 17 million euros. BVB is the majority shareholder with 59.52%, and the Electric Energy and Natural Gas Market Operator "OPCOM" S.A. owns 19.06% of the share capital. The other shareholders of CCP.RO BUCHAREST S.A. are:
- Enel Romania S.A.,
- Banca Transilvania S.A,
- Tinmar Energy S.A.,
- Societatea de Investitii Financiare Banat-Crisana S.A. (currently Lion Capital),
- Societatea de Investitii Financiare Transilvania S.A. (currently Transilvania Investments),
- Societatea de Investitii Financiare Muntenia S.A. (currently Longshield Investment Group) and
- SSIF BRK Financial Group S.A.
On July 31, Romanian Financial Supervisory Authority (ASF) announced that it had been notified by CCP.RO that it was unable to meet the deadline of September 8, 2024, by which CCP.RO had the obligation to submit additional information to ASF for the authorisation process. CCP.RO requested the extension of this term by a maximum of 30 days, in a prudent approach, and through the CCP.RO' GM of September 4, BVB hopes to meet these last conditions for the authorization of CCP.RO. ASF has set a new deadline for December 8. After the authorization of CCP.RO, it will be possible to trade derivative financial instruments in Bucharest as well.
The deadline for proposing new agenda items was August 19, 2024, and it appears that there have been no formal proposals to add new items to the agenda.
The deadline for voting by mail or submitting documentation for the special power of attorney is on Sunday, September 1, 2024. The company offers electronic voting with eVote support.
For those willing to physically participate in the EGM, it takes place starting at 11.00 am in Bucharest.
At the last EGM convened by BVB, a presence of 62.45% of the share capital was recorded. Will the BVB's stakeholder engagement plan attract more shareholders in early September? Will CCP.RO succeed in obtaining authorization in 2024?