On Some Significant Steps Towards The Shareholders Of The Company International Insurance "asito" Jsc

Original Language Title: cu privire la unele măsuri față de acționarii semnificativi ai Companiei Internaționale de Asigurări „ASITO” S.A.

Read the untranslated law here: https://www.global-regulation.com/law/moldova/5965649/cu-privire-la-unele-msuri-fa-de-acionarii-semnificativi-ai-companiei-internaionale-de-asigurri-asito-s.a.html

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on some significant steps towards the shareholders of the company International insurance "ASITO" JSC

Published: 09.09.2016 in Official Gazette No. 293-305 art No.: 1439 date of entry into force: 26.08.2016 in order to ensure execution in accordance of legislation with respect to insurance, having regard to the failure to perform the functions of the company's International liability insurance "ASITO" Jsc of the National Commission of Financial Market nr. 39/3 of 29.07.2016 "with regard to prescribing certain licensed insurers ' 1 and failure by the significant shareholders of its annual financial statements with notes for the year 2015, in accordance with article 29 paragraph 1. (2), (5), para. (6) and paragraph 3. (8) article 54 paragraph 1. (1), article 55 para. (1) (a). a) of law No. 407-XVI dated 21.12.2006 "insurance", article 1, paragraph 1. (1), article 3, article 4 para. (1) and paragraph 1. (2) article 8 b) and subparagraph (c). t), art. 9 para. (1) d), subparagraph (c)), article 21, para. (1), article 22 para. (3), para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" 2, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 1 "Monitorul Oficial" of the Republic of Moldova No. 2016, 256-264, 1290.
2 Official Gazette of the Republic of Moldova, 2007, nr. 117-126 BIS.

The NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Shall suspend the exercise of the right to vote, the right of calling and conducting the general meeting of shareholders has the right to bring matters on the agenda, the right to propose candidates for membership of the Council, the executive body of the company and of the Audit Committee and of the right to receive dividends of the following significant shareholders -"Limited" Windon, & Flanders within the limit of the package of actions constituting 50.127% of the total number of the shares placed by the International Insurance Company "ASITO" JSC;
-"Dorwan Management Limited", within the limit of the packet of shares constituting 17.0% of the total number of the shares placed by the International Insurance Company "ASITO" JSC;
-"Ourimon" LTD, Venture up to the limit of what actions constitute 16.0% of the total number of the shares placed by the International Insurance Company "ASITO 2. Persons indicated in paragraph 1 of this resolution will dispose of a regulated market, within 3 months from the date of entry into force of this judgment relating to the holding, qualifying shares held notificînd in advance, the insurer and the National Commission on financial markets about the alienation of these actions.
3. in the case of non-execution of the provisions of paragraph 2 of this decision, the executive body of the International Insurance Company "ASITO" JSC has, within 15 days, the cancellation of the shares in question, issuing new shares and exposing them to sell under the legislation in force.
4. The control over the execution of the given decision is put in charge of the Directorate-General's securities supervision and Directorate-General for insurance supervision.
5. this decision shall enter into force on the date of its adoption, shall be published on the official website of the National Commission of Financial Market (www.cnpf.md) and in the Official Gazette of the Republic of Moldova.