In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations
Date of report: April 28, 2021
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, 22 Coralilor Street, District 1, („Petrom City”)
Telephone/fax number: +40 372 161930/ +40 372 868518
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: RO
Trade Register Number: J40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded: Bucharest Stock Exchange and London Stock Exchange
Significant event to be reported:
Change of compliance status with the Bucharest Stock Exchange Corporate Governance Code, following the approval of the new membership of the Audit Committee
Following the approval by the Ordinary General Meeting of Shareholders of OMV Petrom SA, on April 27, 2021, of the members of the Supervisory Board for a mandate of 4 years starting April 28, 2021, the Supervisory Board approved today the new membership of the committees to the Supervisory Board.
By reference to the Audit Committee, its membership starting with April 28, 2021 and until the expiration of the current mandate of the Supervisory Board is:
- Mr. Jochen Weise – President and Member (independent)
- Mr. Daniel Turnheim – Deputy President and Member
- Mr. Niculae Havrileţ – Member
- Mr. Răzvan Eugen Nicolescu – Member (independent)
- Mr. Marius Ştefan – Member (independent)
The Audit Committee includes members who have adequate qualifications relevant to the functions and responsibilities of the Audit Committee, while some of them also have expertise in the financial and accounting fields. Moreover, in the current composition of the Audit Committee, the majority of the members are independent.
Consequently, OMV Petrom SA announces the change, effective starting April 28, 2021, of its compliance status with provision B.1 of the Bucharest Stock Exchange Corporate Governance Code, from “partial-compliant” to “compliant”.
The relevant provision B.1 is the following: “The Board should set up an audit committee, and at least one member should be an independent non-executive. The majority of members, including the chairman, should have proven an adequate qualification relevant to the functions and responsibilities of the committee. At least one member of the audit committee should have proven and adequate auditing or accounting experience. In the case of Premium Tier companies, the audit committee should be composed of at least three members and the majority of the audit committee should be independent.”
Information on the membership of the Supervisory Board committees (Audit Committee and Presidential and Nomination Committee) will be available also on the website of OMV Petrom SA.
Chief Executive Officer
President of the Executive Board
Chief Financial Officer
Member of the Executive Board