EnglishDuring yesterday"s General Assembly, the shareholders of the BSE have approved the listing of the BSE"s shares on the BSE"s regulated market, in order to turn the Romanian Stock Exchange into a major player on the Romanian financial market and Eastern Europe"s markets.
The representatives of the Bucharest Stock Exchange hope that the listing will be a positive sign for other issuers and it will serve as a model for companies wishing to get listed.
Also, in yesterday"s meeting, the shareholders have approved the revenue and expense budget for 2009. According to the budget, the BSE has forecasted 23 million lei in total revenues for next year, with the total expenses estimated at 22 million lei, meaning the BSE forecasts an estimated profit of only 1 million lei.
Also, the shareholders have decided that in special cases, the variation limit will be +/- 40%.
According to the company"s plans for 2009, the average daily turnover for the BSE is estimated to be some 5 million euros.
Currently, the Bucharest Stock Exchange has a share capital of 76,74 million lei, split into 7.166.174 ordinary shares and 508.024 preferred (non-voting) shares.
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