Decizie Consiliu de Administratie - consolidarea valorii nominale a actiunilor

ONE UNITED PROPERTIES S.A.

Bucuresti Sectorul 1, Strada Maxim Gorki, Nr. 20

J40/21705/2007, CUI 22767862, EUID: ROONRC.J40/21705/2007,

capital social subscris si integral varsat: 1.105.831.020 RON

(„Societatea”)

ONE UNITED PROPERTIES S.A.

Bucharest, Sector 1, 20 Maxim Gorki Street

J40/21705/2007, Sole Registration Code 22767862, EUID: ROONRC.J40/21705/2007,

subscribed and fully paid-in share capital:

RON 1,105,831,020 (the “Company”)

DECIZIA CONSILIULUI DE ADMINISTRATIE AL

RESOLUTION OF THE BOARD OF DIRECTORS OF

ONE UNITED PROPERTIES S.A.

ONE UNITED PROPERTIES S.A.

Nr. 67 din data de 4 decembrie 2024

No. 67 dated 4 December 2024

Consiliul de Administratie:

The Board of Directors:

CLAUDIO CISULLO [date cu caracter personal],

CLAUDIO CISULLO [personal data];

VICTOR CAPITANU, [date cu caracter personal],

VICTOR CAPITANU [personal data],

ANDREI-LIVIU DIACONESCU, [date cu caracter personal],

ANDREI-LIVIU DIACONESCU, [personal data];

DRAGOS-HORIA MANDA, [date cu caracter personal],

DRAGOS-HORIA MANDA, [personal data],

MARIUS-MIHAIL DIACONU[date cu caracter personal]5,

MARIUS-MIHAIL DIACONU, [personal data],

AUGUSTA-VALERIA DRAGIC, [date cu caracter personal], si

AUGUSTA-VALERIA DRAGIC, [personal data], and

DIRK PAHLKE, [date cu caracter personal].

DIRK PAHLKE, [personal data].

INTRUCAT:

WHEREAS:

(A)   In data de 10 octombrie 2024, Adunarea Generala Extraordinara a Actionarilor Societatii („Hotararea AGEA”) a aprobat, printre altele, urmatoarele:

(A)   On 10 October 2024, the Extraordinary General Meeting of Shareholders of the Company (the “EGMS Resolution”) has approved, inter alia, the following:

(i)   consolidarea valorii nominale a unei actiuni emise de Societate de la valoarea nominala de 0,2 RON/actiune la valoarea nominala de 10 RON/actiune, prin cresterea valorii nominale a actiunilor concomitent cu reducerea numarului total de actiuni (50 de actiuni cu valoare nominala de 0,2 RON/actiune vor reprezenta o actiune cu valoare nominala de 10 RON/actiune) („Consolidarea Valorii Nominale”);

(i)   the consolidation of the nominal value of a share issued by the Company from the nominal value of RON 0.2/share to the nominal value of RON 10/share, by increasing the nominal value of the shares concomitantly with the decrease of the total number of shares (50 shares with a nominal value of RON 0.2/share will represent one share with a nominal value of 10 RON/share) (“Nominal Value Consolidation”);

(ii)  propunerea Consiliului de Administratie de stabilire a unui pret in valoare de 46,225 RON/actiune consolidata, pentru compensarea fractiilor de actiuni rezultate ca urmare a Consolidarii Valorii Nominale. Pretul astfel propus a fost calculat prin inmultirea sumei de 0,9245 RON (reprezentand valoarea medie de tranzactionare a actiunii cu valoare nominala de 0,2 RON, aferenta ultimelor 12 luni anterioare convocarii AGEA, ajustata corespunzator modificarilor generate de eventuale evenimente corporative din aceasta perioada, daca este cazul) cu 50 (reprezentand valoarea raportului dintre valoarea nominala consolidata (10 RON/actiune) si valoarea nominala anterioara Consolidarii Valorii Nominale (0,2 RON/actiune));

(ii)  the proposal of the Board of Directors to set a price amounting RON 46.225/consolidated share, for the compensation of the fractions of shares resulting from the Nominal Value Consolidation. The price thus proposed was calculated by multiplying the amount of RON 0.9245 (representing the average trading value of the share with a nominal value of RON 0.2, referring to the last 12 months prior to the convening of the EGMS, adjusted for changes generated by any corporate events during this period, if applicable) by 50 (representing the ratio between the consolidated nominal value (RON 10/share) and the nominal value prior to the Nominal Value Consolidation (RON 0.2/share));

(iii)   termenii si conditiile de plata, precum si instructiunile de calcul pentru sumele ce urmeaza sa fie platite in conformitate cu hotararea adoptata ca urmare a aprobarii punctului 3 de pe ordinea de zi AGEA, in conformitate cu documentul de informare si procedura privind operatiunile de consolidare care sunt puse la dispozitia actionarilor drept material suport aferent acestui punct de pe ordinea de zi AGEA;

(iii)   the terms and conditions of payment and the calculation instructions for the amounts to be paid in accordance with the resolution adopted following the approval of item 3 on the EGMS agenda, in accordance with the information document and the procedure on consolidation operations which are made available to shareholders as supporting material to this item on the EGMS agenda;

(iv)  imputernicirea Consiliului de Administratie al Societatii sa emita orice hotarare si sa indeplineasca toate actele si faptele juridice necesare, utile si/sau oportune pentru aducerea la indeplinire a hotararii ce urmeaza sa fie adoptata de catre AGEA cu privire la Consolidarea Valorii Nominale, inclusiv cu privire la urmatoarele aspecte:

·         negocierea, aprobarea si semnarea oricaror acte ce au legatura cu Consolidarea Valorii Nominale, indeplinirea oricaror acte si fapte juridice necesare, utile sau oportune in legatura cu cele de mai sus;

·         sa aprobe orice contracte privind Consolidarea Valorii Nominale sau orice alte aranjamente, angajamente, documente de informare, certificate, declaratii, registre, notificari, acte aditionale si orice alte acte si documente necesare, sa indeplineasca orice formalitati si sa autorizeze si/sau sa execute orice alte actiuni necesare pentru a da efecte depline Consolidarii Valorii Nominale (inclusiv modificarea, actualizarea si semnarea Actului Constitutiv ca efect al Consolidarii Valorii Nominale, precum si efectuarea tuturor operatiunilor necesare, utile si oportune pentru inregistrarea si modificarea Actului Constitutiv in Registrul Comertului, Autoritatea de Supraveghere Financiara, Bursa de Valori Bucuresti, Depozitarul Central S.A. si orice alte autoritati competente);

·         sa imputerniceasca reprezentanti ai Societatii pentru a semna orice astfel de documente, a indeplini orice astfel de formalitati si a indeplini orice astfel de actiuni; si

·         sa reprezinte Societatea in fata oricaror autoritati si institutii competente (cum ar fi Oficiul Registrului Comertului, Autoritatea de Supraveghere Financiara, Bursa de Valori Bucuresti, Depozitarul Central S.A.) in legatura cu Consolidarea Valorii Nominale.

(iv)  the empowerment of the Board of Directors of the Company to issue any resolution and to perform all legal acts and deeds necessary, useful and/or opportune for the fulfilment of the resolution to be adopted by the EGMS on the Nominal Value Consolidation, including with regard to the following matters:

·         negotiating, approving and signing any documents in connection with the Nominal Value Consolidation, performing any legal acts and deeds necessary, useful and/or opportune in connection with the above;

·         to approve any agreements relating to the Nominal Value Consolidation or any other arrangements, commitments, disclosure documents, certificates, statements, declarations, registers, notices, addenda and any other necessary acts and documents, to perform any formalities and to authorize and/or execute any other actions necessary to give full effect to the Nominal Value Consolidation (including the amendment, update and execution of the Articles of Association as effect of the Nominal Value Consolidation, as well as performing all necessary, useful and advisable operations for the registration and amendment of the Articles of Association with the Trade Registry, the Financial Supervisory Authority, Bucharest Stock Exchange, Depozitarul Central S.A. and any other competent authorities);

·         to empower representatives of the Company to sign any such documents, carry out any such formalities and perform any such actions; and

·         to represent the Company before any competent authorities and institutions (such as the Trade Registry Office, the Financial Supervisory Authority, the Bucharest Stock Exchange, Depozitarul Central S.A.) in connection with the Nominal Value Consolidation.

(v) stabilirea datei de:

·         11 decembrie 2024 ca data de inregistrare pentru identificarea actionarilor asupra carora se rasfrang efectele hotararilor adoptate de catre AGEA, in conformitate cu prevederile art. 87 alin. (1) din Legea nr. 24/2017;

·         10 decembrie 2024 ca “ex-date” calculata in conformitate cu prevederile art. 2 alin. (2) lit. (l) din Regulamentul nr. 5/2018;

·         12 decembrie 2024 ca data platii, in conformitate cu prevederile art. 2 alin. (2) lit. h) si ale art. 178 din Regulamentul nr. 5/2018; si

·         19 decembrie 2024 ca data platii calculata in conformitate cu prevederile art. 178 alin. (1) din Regulamentul nr. 5/2018 pentru plata pretului la care se compenseaza fractiunile de actiuni rezultate in urma aplicarii algoritmului specific Consolidarii Valorii Nominale.

(vi)setting the date of:

·         11 December 2024 as registration date, identifying the shareholders who will benefit from the effects of the resolutions adopted by the EGMS, in accordance with the provisions of art. 87 para. (1) of Law no. 24/2017;

·         10 December 2024 as “ex-date”, computed in accordance with the provisions of art. 2 (2) letter (l) of Regulation no. 5/2018;

·         12 December 2024 as the payment date, in accordance with the provisions of art. (2) letter h) and art. 178 of Regulation 5/2018; and

·         19 December as the payment date calculated in accordance with the provisions of Art. 178 para. (1) of Regulation 5/2018, for the payment of the price at which the fractions of shares resulting from the application of the algorithm specific to the Nominal Value Consolidation are compensated.

(B)   In data de 7 noiembrie 2024, Consiliul de Administratie a aprobat, printre altele, aprobarea structurii capitalului social si a Actului Constitutiv actualizat ca urmare a Consolidarii Valorii Nominale; astfel, capitalul social subscris si varsat al Societatii este de RON 1.105.831.020 impartit intr-un numar de 110.583.102 actiuni ordinare, nominative si dematerializate, cu o valoare nominala de 10 RON/actiune;

(B)   On 7 November 2024, the Board of Directors approved, among others, the approval of the share capital structure and the updated Articles of Association as a result of the Nominal Value Consolidation; therefore, the share capital of the Company is of RON 1,105,831,020 divided into a number of 110,583,102 ordinary, nominative shares, and dematerialized shares, with a nominal value of RON 10/ share;

(C)   Procesul de inregistrare a Consolidarii Valorii Nominale la Oficiul Registrului Comertului de pe langa Tribunalul Bucuresti, Autoritatea de Supraveghere Financiara si Depozitarul Central este inca in desfasurare la data prezentei, avand in vedere intarzierile semnificative intampinate in procesul de depunere spre publicare a Hotararii AGEA, motiv pentru care operatiunea nu va putea fi finalizata pana la datele relevante aprobate prin Hotararea AGEA in legatura cu Consolidarea Valorii Nominale;

(C)   The process of registration of the Nominal Value Consolidation with the Trade Registry Office attached to the Bucharest Tribunal, the Financial Supervisory Authority and the Central Depository is still ongoing as at the date hereof, due to significant delays encountered in the process of filing for publication of the EGMS Resolution, for which reason the operation will not be finalized before the relevant dates approved by the EGMS Resolution in connection with the Nominal Value Consolidation;

(D)   Consiliul de Administratie, avand in vedere interesul actionarilor si al Societatii, intentioneaza sa aprobe (i) modificarea datelor relevante aplicabile Consolidarii Valorii Nominale; si (ii) imputernicirea membrilor executivi a Consiliului de Administratie cu privire la Consolidarea Valorii Nominale, cu mentiunea ca prezenta decizie va fi supusa ratificarii in cadrul urmatoarei sedinte a  Adunarii Generale Extraordinare a Actionarilor;

(D)   The Board of Directors, considering the interest of the shareholders and of the Company, intends to approve (i) the amendment of the relevant dates applicable to the Nominal Value Consolidation; and (ii) the empowerment of the executive members of the Board of Director in relation to the Share Capital Increase, noting that this decision will be submitted for ratification within the following meeting of the Extraordinary General Meeting of Shareholders;

(E)   In aceasta decizie, toate cuvintele scrise cu majuscula vor avea intelesul conferit acestora in preambul;

(E)   In this resolution, all capitalized words shall have the meaning ascribed to them in the preamble;

Constatand indeplinirea tuturor conditiilor prevazute de legislatia din Romania si de Actul Constitutiv al Societatii pentru validitatea acestei sedinte a Consiliului de Administratie,

Ascertaining the fulfillment of all requirements under the Romanian legislation and the Company’s Articles of Association for the validity of this meeting of the Board of Directors,

HOTARASTE IN UNANIMITATE DUPA CUM URMEAZA:

UNANIMOUSLY RESOLVES AS FOLLOWS:

1.    Aprobarea modificarii datelor relevante aplicabile Consolidarii Valorii Nominale

1.    Approval of the amendment of the relevant dates applicable to the Nominal Value Consolidation

Consiliul de Administratie aproba  modificarea datelor relevante aplicabile Consolidarii Valorii Nominale cu urmatoarele date:

The Administrative Board approves the amendment of the relevant dates applicable to the nominal value consolidation with the following dates:

·         4 februarie 2025 ca data de inregistrare pentru identificarea actionarilor asupra carora se rasfrang efectele Consolidarii Valorii Nominale, in conformitate cu prevederile art. 87 alin. (1) din Legea nr. 24/2017;

·         3 februarie 2025 ca “ex-date” calculata in conformitate cu prevederile art. 2 alin. (2) lit. (l) din Regulamentul nr. 5/2018;

·         5 februarie 2025 ca data platii, in conformitate cu prevederile art. 2 alin. (2) lit. h) si ale art. 178 din Regulamentul nr. 5/2018; si

·         10 februarie 2025 ca data platii calculata in conformitate cu prevederile art. 178 alin. (1) din Regulamentul nr. 5/2018 pentru plata pretului la care se compenseaza fractiunile de actiuni rezultate in urma aplicarii algoritmului specific Consolidarii Valorii Nominale.

·         4 February 2025 as registration date, identifying the shareholders who will benefit from the effects of the Nominal Value Consolidation, in accordance with the provisions of art. 87 para. (1) of Law no. 24/2017;

·         3 February 2025 as “ex-date”, computed in accordance with the provisions of art. 2 (2) letter (l) of Regulation no. 5/2018;

·         5 February 2025 as the payment date, in accordance with the provisions of art. (2) letter h) and art. 178 of Regulation 5/2018; and

·         10 February 2025 as the payment date calculated in accordance with the provisions of Art. 178 para. (1) of Regulation 5/2018, for the payment of the price at which the fractions of shares resulting from the application of the algorithm specific to the Nominal Value Consolidation are compensated.

2.    Acordarea de imputerniciri

2.    Granting powers of attorney

Consiliul de Administratie aproba prin prezenta desemnarea si imputernicirea fiecaruia dintre domnul Victor Capitanu si domnul Andrei - Liviu Diaconescu („Reprezentantii”), actionand individual si nu impreuna, semnatura oricaruia dintre Reprezentanti angajand in mod valabil si fiind obligatorie pentru Societate:

The Board of Directors hereby approves the appointment and empowerment of each of Mr. Victor Capitanu and Mr. Andrei Liviu Diaconescu (the “Representatives”), acting individually and not jointly, the signature of each of the Representatives being validly binding for the Company:

a)     cu putere si autoritate depline, sa semneze orice document si sa realizeze orice alta formalitate necesara, utila sau oportuna pentru inregistrarea si opozabilitatea hotararilor adoptate, inclusiv semnarea prezentei decizii, dupa cum va fi cazul, precum si sa semneze, sa stampileze si sa transmita orice alte documente care sunt necesare, adecvate, dezirabile, cerute, utile sau recomandabile in legatura cu exercitarea de catre Societate a tuturor drepturilor si indeplinirea tuturor obligatiilor sale rezultand din sau in legatura cu deciziile aprobate prin prezenta, inclusiv cu privire la Consolidarea Valorii Nominale; si

a)     with full power and authority, to execute any document, as well as to perform any other formality necessary, useful or desirable in connection with the registration and the effect towards third parties of the resolutions approved herein, including this resolution, as the case may be, as well as to sign, seal, execute and deliver any other documents, necessary, appropriate, desirable, required, useful or advisable in relation to the performance by the Company of all its rights and obligations under or in connection with the decisions adopted herein, including with respect to the Nominal Value Consolidation; and

b)    sa reprezinte Societatea, personal sau prin reprezentanti, cu puteri si autoritate deplina in fata Registrului Comertului, Autoritatea de Supraveghere Financiara, Depozitarul Central S.A., notarilor publici si a oricarei alte autoritati sau terti relevanti si sa indeplineasca toate formalitatile necesare cu privire la inregistrarea sau implementarea hotararilor luate prin prezenta la orice registru sau autoritate si sa indeplineasca orice alta actiune, sa semneze si sa modifice orice document si sa indeplineasca orice formalitate necesara pentru ca aspectele decise prin prezenta sa produca efecte depline.

b)    to represent the Company, in person or through proxies, with full powers and authority in front of the Trade Registry Office, Financial Supervisory Authority, Depozitarul Central S.A., notary public, and of any other authorities or relevant third parties and to carry out all the required formalities regarding the registration and implementation of the resolutions passed hereunder with any registrars or authorities and to take any other action, execute and amend any document and to perform any formalities necessary in order to give full effect to the matters decided herein.

Consiliul de Administratie confirma prin prezenta ca Reprezentantii numiti la punctul 2.1. de mai sus pot (i) actionand individual, sa sub delege oricare si toate puterile acordate lor, dupa cum considera de cuviinta, catre persoane diferite sau catre aceeasi persoana; sau (ii) actionand impreuna, sa imputerniceasca una sau mai multe persoane sa reprezinte Societatea in vederea implementarii chestiunilor decise prin prezenta (inclusiv pentru a indeplini, in numele si pe seama Societatii, puterile mentionate la punctul ‎2.1 de mai sus).

The Board of Directors hereby confirms that the Representatives named under item 2.10 above may (i) acting individually, sub-delegate any and all of their powers, as they may seem fit, to different persons or both to the same person; or (ii) acting jointly, empower one or more persons to represent the Company for the purposes of implementing the decision adopted hereby (including carrying out, for and on behalf, of the Company, the powers under item 2.10 above).

Prezenta decizie a fost semnata astazi, data mentionata mai sus, in 3 (trei) exemplare originale, in limbile romana si engleza. In caz de discrepanta intre cele doua versiuni, versiunea in limba romana va prevala.

[urmeaza pagina cu semnaturi]

This Resolution has been signed today, the date mentioned above in 3 (three) original counterparts, in Romanian and English languages. In case of discrepancies between the two versions, the Romanian language version shall prevail.

[signature page follows]