* Cătălin Chelu says that the General Shareholder Meeting was held on Friday
* The directors contradict him
* SIF "Oltenia" and other shareholders accuse the company of denying them access in the building
Over the last few days, sunflower oil maker "Argus" Constanţa (symbol: UARG) has turned into a battlefield, on which businessman Cătălin Chelu, who controls about 44% of the company faces SIF "Oltenia", with a stake of 32%.
On Friday, the shareholders were summoned to elect a new Board of Directors, but the representatives of SIF "Oltenia" and of the Dutch fund "Business Capital for Romania-Opportunity" (ed. note: which own over 6% of UARG), say that they found the gate of the plant locked and they were unable to attend the General Shareholder Meeting.
The same thing happened to the directors of "Argus", Dan Voiculescu and Radu Constantin (ed. note: the other three members of the Board of Directors had resigned earlier), and who notified their resignations to the Bucharest Stock Exchange (BSE) and to the Romanian National Securities Commission (CNVM), and announced that the General Shareholder Meeting would be held again on Saturday. The group of shareholders who were prevented from entering the plant called the police, which drafted a report of the events.
On the other hand, Cătălin Chelu says that he has attended the General Shareholder Meeting, which "was held normally". Besides, "Argus" published on its website the decisions of Friday"s General Shareholder Meeting, which were also presented in a report sent to the BSE and the CNVM.
However, the Bucharest Stock Exchange did not publish the report on Friday. According to the "Argus" website, the new president of the company is Edy Gabriel Minjineanu, and the other directors are Gheorghe Chirilă, Mihaela Bădoiu, Mihai Brînză and Marian Onea.
* Chelu: "I will file a cr
