Market News


FSA Decision on change of the BVB market operator authorization

Release Date: 10/5/2017 6:26:59 PM

IRIS Code: AB630

To:      Financial Supervisory Authority                                                              

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51

            Bucharest Stock Exchange – Regulated market

            Fax: 021- 256.92.76


From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)



according to C.N.V.M. Regulation no. 1/2006 on issuers and operations with securities and Law no. 24/2017 on issuers of financial instruments and market operations


Report date: 5 October 2017

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754 

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 76,741,980

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Shares Tier (market symbol: BVB)


Important events to be reported: Change of the BVB market operator authorization following its share capital increase


BURSA DE VALORI BUCURESTI S.A. (hereinafter referred to as the "Company" or "BVB") hereby informs that

on October 5, 2017, received from the Financial Supervisory Authority ("ASF") the Authorization for changing of the BVB market operator license following its share capital increase from RON 76,741,980 to RON 80,492,460, as a result of the merger between BVB (absorbing company) and SIBEX-Sibiu Stock Exchange S.A. (SIBEX, absorbed company).


Please be informed that the final value of the share capital increase of the Company as a result of the merger by absorption with SIBEX, resulting from the implementation of the operations foreseen in the Merger Project and approved by the BVB Extraordinary General Meeting of Shareholders' Resolution no. 1 / April 12, 2017 and by the SIBEX Extraordinary General Meeting of Shareholders' Resolution no. 1 / April 20, 2017,  was approved by the BVB Board of Directors through the Decision no 45 of  May  30, 2017 (see current report of May 30, 2017).


Further on, the Company will take all the necessary steps to register the increase of the Company's share capital and the implementation of the merger through absorption with SIBEX at the Bucharest Trade Register Office.


Marius-Alin Barbu

Deputy CEO


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