Shareholding

Transgaz is organized as a joint-stock company based on the republished Law no. 31/1990 on trading companies and on its own Organization and Functioning Regulation approved by GD no. 334/2000.

Privatization Actions

The governmental programme – “A strong market – capital market development” on the actions and completion deadlines thereof related to the economic agents included in the portfolio of the Ministry of Economy and Commerce, nominated for initial public offering and quotation on the capital market, was approved under Memorandum no. 20/6365/E.B./20.05.2004.

TRANSGAZ SA was promoted for quotation on the secondary capital market based on a minority block of stocks according to GD no. 881/June 3rd, 2004 on the approval of the Privatization Strategy of companies included in the portfolio of the Ministry of Economy and Commerce for 1004 and GD no. 1329/August 19th, 2004 on the mandate of the relevant public institution and on the approval of the privatization strategy by public offering of companies.

To this effect, TRANSGAZ SA prepared an action schedule on the “Quotation and public offering process” approved within the meetings held on July 1st, 2004 by the Board of Administration (B.A. Decision no. 8/01.07.2004) and by the General Assembly of the Shareholders (G. A. S. Decision no. 5/01.07.2004).

Following the completion of the secondary public offer for the sale of shares, the ownership structure is as follows:

SHAREHOLDER
NO. OF SHARES
INTEREST SHARE
ROMANIAN STATE, REPRESENTED BY THE MINISTRY OF ECONOMY
6.888.840
58,5097 %
Shareholders - Natural and Legal Persons
4.885.004
41,4903 %
TOTAL
11.773.844
100 %