Bogdan Tudorache

Transelectrica will increase its share capital by 20 million lei over the next three years, according to the foundation note for the Extraordinary General Shareholders’ Meeting, convened for September 20. At the same time, within the ordinary GSM, the company will appoint, at the request of the government, represented by the majority shareholder – the Ministry of Economy, which holds about 58.7% of the shares, new provisional members in the Supervisory Board, with two-month terms. The terms of office will begin on September 30.

“The increase of the share capital of the Company with a maximum value of 20,248,262 lei, of which 11,883,300 lei is the value determined by an expert for 17 lands for which the certificate of ownership right has been issued to the Company will be done by issuance of new shares, without the issue of a premium and with the respect of the right of preference of the existing shareholders at the registration date, and at the expiration of the subscription term, the remaining unsubscribed shares will be canceled,” shows in the note attached to the convening of the EGSM.