Litigation regarding the F.S.A. Decision no. 1095/13.09.2018

SIF3 SIF TRANSILVANIA S.A.

 

No. 513/21.01.2020

 

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

-          Financial Instruments and Investments Sector

 

 

CURRENT REPORT

According to Law no. 24/2017 and F.S.A. Regulation no. 5/2018 

Report date: 21.01.2020

 

S.I.F. Transilvania S.A.

Headquarters: 2, Nicolae Iorga Street, Brasov 500057

Telephone: +40 268 415529, 416171; Fax: +40 268 473215, 473216

Tax registration code: RO3047687

Order number in the Trade Register: J08/3306/92

Registration number in the NSC Register: PJR 09 SIIR/080004

LEI Code (Legal Entity Identifier): 254900E2IL36VM93H128

Subscribed and paid-in share capital: RON 218,428,666.40

Regulated market on which the issued securities are traded: Bucharest Stock Exchange (ticker: SIF3)

 

Important event to be reported: Litigation regarding the F.S.A. Decision no. 1095/13.09.2018

S.I.F. Transilvania informs that Mr. Constantin Fratila has submitted to our company’s headquarters a certificate of registry issued by the Constanta Court of Appeal attesting that by Resolution no. 7/17.01.2020, pronounced in File no. 8031/2/2018* the Court decided as follows: „Partially approves the application. It orders the suspension of the execution of the Decision no. 1095/13.09.2018 issued by the Financial Supervisory Authority regarding the withdrawal of the membership approval in the Supervisory Board of S.I.F. Transilvania granted to Mr. Constantin Fratila by Notice no. 422/26.07.2017 until the final settlement of the application for the annulment of the aforementioned administrative act. It rejects the application for the suspension of the Decision no. 1212/10.10.2018 issued by the Financial Supervisory Authority in settling the preliminary complaint filed by the complainant Constantin Fratila. The resolution is enforceable. It may be appealed within 5 days of communication. The appeal shall be submitted to the Constanta Court of Appeal under the sanction of nullity."

S.I.F. Transilvania was not a party to the above mentioned file.

The implementation of the Resolution can be achieved through the Financial Supervisory Authority.

Mihai Fercala

Executive President/CEO

 

 

Iulian Stan

Executive Vice President/Deputy CEO

Marcus Valeriu Marin 

Compliance Officer