Petrom SA announces its shareholders and investors that the shares issued based on the Decisions no. 2, 3 and 4 of the Extraordinary General Meeting of Shareholders dated November 22, 2005, have been unlocked from trading.
The EGMS decided the share capital increase with the value of the land for which the Company had obtained certificates attesting its ownership right before October 10, 2005, granting preference rights in favour of the existing shareholders as of December 8, 2005, in order to maintain their share.
At the end of 2005, Mr. Dan Paul Viorel, minority shareholder, requested in Court the suspension and annulment of the Decisions no. 2, 3 and 4 of the Extraordinary General Meeting of Shareholders dated November 22, 2005. On May 8, 2006, after the registration of the newly issued shares as securities, the National Securities Commission released an Order to restrain from transfer the 643,602,257 shares issued based on the above mentioned decisions.
Following the Decision no. 2844 dated September 28, 2007, by which the High Court of Cassation and Justice irrevocably rejected the final appeal of Mr. Dan Paul Viorel, the National Securities Commission released the Certificate no. 338 on October 12, 2007 unlocking the shares subscribed based on Decision 2, 3 and 4 of the Extraordinary General Meeting of Shareholders held on November 22, 2005. The execution of the National Securities Commission’s decision has been performed accordingly by the Depozitarul Central SA.