The decision No. 11/June 27, 2012 of the Shareholders' General Assembly meeting to empower the Fund's administrator to take the steps for the secondary listing on the Warsaw Stock Exchange came into force and became mandatory for the Fund and its shareholders immediately after its adoption by a majority of 99 percent during the General Assembly of Shareholders on June 27, 2012. The Fund's Administrator and the broker consortium have worked hard alongside the relevant institutions and depositories in order to take the required steps to achieve this objective,' Franklin Templeton Investment underscores. In
May 2012, following a meeting between Franklin Templeton, CNVM and the Romanian and the Polish central depositories, it was confirmed the fact that some amendments to CNVM Regulations No. 13/2005 and No. 5/2010 are necessary to allow the establishment of a connection between the two depositories. In addition, changes of the Code of the Central Depository are also required, after getting the approval of the CNVM and the National Bank of Romania, Franklin Templeton Investment restated. 'We understand the fact that CNVM is currently formulating the amendments to the CNVM regulations and we wait with great interest for information about any sort of progress in this respect as soon as possible, to convey them to the Fund's shareholders.
The Fund's administrator understands the difficulties of this process and will continue to cooperate, inform and offer any kind of support CNVM and the Romanian central depositories will need, for the Fund's secondary listing on the WSE to become a reality,' Franklin Templeton stated.
