The majority shareholder of Transelectrica, the Romanian state, will extend by two months the mandates of the provisional members of the Supervisory Board of the TSO, according to a report sent to the Bucharest Stock Exchange.

Thus, the Romanian State through the General Secretariat of the Government, which owns 58,688% of Transelectrica, requested the completion of the AGM agenda of March 26, with the following points: “Extension for a period of two months of the mandates of the provisional members of the Supervisory Board of the National Electricity Transport Company Transelectrica S.A., starting with March 30, 2020 and until May 29, 2020.”

The proposals of the General Secretariat of the Government for the extension of the mandates of provisional members of the Supervisory Board are the following: 1. Adrian GOICEA, residing in Bucharest, economist; 2. Luiza POPESCU, based in Bucharest, engineer; 3. Oleg BURLACU, residing in Bucharest, lawyer; 4. Jean – Valentin COMĂNESCU, based in Bucharest, economist; 5. Mihaela CONSTANTINOVICI, based in Bucharest, economist; 6. Ciprian Constantin DUMITRU, residing in Bucharest, lawyer and 7. Mircea Cristian STAICU, based in Bucharest, graduated in political science, according to financialintelligence.ro.

Transelectrica shareholders voted last week against the start of the selection procedure of the members of the Supervisory Board.