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Templeton in the same boat as SIF bosses: Some FP shareholders ask for higher dividends

Autor: Roxana Pricop, Andrei Chirileasa

14.04.2011, 23:55 19

Fondul Proprietatea (Property Fund - FP) is now faced with thesame problem as the SIFs, from which certain shareholders ask forhigher dividends from the profits derived last year than proposedby managers.

Fondul Proprietatea officially announced that a shareholderthat owns more than 5% in it had asked for dividends to be doubledto 432 million lei (in gross amount), accounting for 94% of the2010 net profit. The Fund did not reveal the name of theshareholder. The Finance Ministry is the only shareholder that hasmore than 5% in FP.

The same shareholder also asked for Monica Maurer, formeradvisor to minister Adrian Videanu to be removed from theRepresentatives Board and a new member be elected.

The propositions have been put on the agenda of the GeneralMeeting on April 27 and shareholders will be asked to vote on them.Neither the officials of the Finance Ministry nor those ofTempleton could be reached for comment by the edition close.

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