* Two shareholders have asked for a lawsuit against the CEO of the Sibiu Exchange
* Four other shareholders have are taking similar action against Dan Simionescu
The General Shareholder Meeting of Sibex looks set to be stormy. On September 22nd, the shareholders of Sibex will be discussing the beginning of the action to hold liable CEO Cristian Sima, as well as administrator Dan Simionescu, after two groups of shareholders have asked for additions to the agenda.
The action to hold Cristian Sima was asked by "Delta Solar Investments", formerly "Delta Valori Mobiliare", and by Mirela Narcisa Grigoroiu, who together own about 9% of the shares of Sibex, and the one against Dan Simionescu was requested by "WBS România", "E.D. Engineering Impex", Vlad Cavarnali and Marian Renato Neagoe, who together own about 5.11% of the shares.
Dan Simionescu, who is the representative of SIF3 Transilvania on the Board of Sibex, told us that shareholders will decide in the General Shareholder Meeting whether or not they will approve the action to hold him liable, without making any further comments.
The General Shareholder Meeting was summoned at the request of "Delta Valori Mobiliare", "Super Gold Invest" and "Interfinbrok", which together own about 5.6375% of the shares of the Sibiu Exchange, and includes on the Agenda the dismissal of the Board of Directors and the election of a new one.
The shareholders have expressed their discontent at the weak results which the Sibiu Exchange has posted lately.
Sibex ended the first semester with losses of 149,054 lei, after posting a profit of just 1,795 lei, in the first quarter. Last year, the company lost about 600,000 lei.
The people who have asked for the action to hold Cristian Sima liable said that they will provide the reasons behind their request at the General Shareholder Meeting.
Al
