Euroshareholders (the European federation of shareholder associations) and its Belgian (VFB and Investa), Luxembourger (INVESTEAS) and French (ADAM et FFCI) members point once again to misleading information communicated to the non-insider shareholders of DEXIA shortly before the disclosure of projects to dismantle it.

As a member of the Board of Directors of the EFI – EuroInvestors, the President of the VZMD, Kristjan Verbič, traveled today to Brussels.

Through the invitation, we offer you an exceptional and rare opportunity to personally represent your company to new investors, funds, the media, and other relevant, interested visitors, whose presence will be guaranteed by the organizers of this event. After, will follow the opportunity to hold direct, personal discussions with investors, funds representatives, and even with the President and CEO of the Warsaw Stock Exchange, Dr. Ludwik Sobolewski, and his managerial team, with whom you may have a comprehensive conversation on the opportunities and incentives of being listed on the WSE, one of the most dynamic capital markets in Europe.

It is with great honor that we invite you to join “The Slovenian Day at the Warsaw Stock Exchange” on Thursday, October 6, 2011, as organized through the cooperation of the Warsaw Stock Exchange (WSE), the Polish Association of Individual Investors (SII), and the PanSlovenian Shareholders’ Association (VZMD) through the very successful and motivated investo.si (Invest to Slovenija) program. Please click on the below enclosed invitation from Dr. Ludwik Sobolewski, President and CEO of the Warsaw Stock Exchange.

At the last Nova Kreditna Banka Maribor Shareholders' Meeting on July 22, 2011, the AUKN, the Capital Assets Management Agency of the Republic of Slovenia, which is a majority stakeholder in the bank, showed an escalation of harmful acts and unusual practices. At the Shareholders' Meeting, they suggested a counter-proposal to their counter-proposal, in which they proposed replacing five of the Supervisory Board members, including the President of the Board, Danilo Toplek. This could be viewed as the on-going planned demolition by the AUKN of one of the most important and successful financial systems in the Republic of Slovenia.

From the 20th to the 27th of June, the President of the VZMD – PanSlovenian Shareholders’ Association partook at two of the most significant international meetings – one was of the WFIC – World Federation of Investors’ Corporation in Brussels and the other was of the Euroshareholders in Beirut. In addition, he also participated at the festivities marking the 20th Anniversary of the Republic of Slovenia’s Independence, which was organized by the Slovenian members of the European Parliament.

"...This very severe imbalance between the representation of financial services users’ interests and that of providers has even deepened since the 2008 financial crisis. Nevertheless, the European Commission has not honored its public commitment at all. No funding tender for retail investors’ organizations has been created so far. In addition, EC refused to grant even one euro to the European retail investors’ organization (The European Federation of Investors – EuroInvestors, created in September 2009 on the initiative of Euroshareholders and of FAIDER ), through the already existing yearly EC tender directed to the European consumer organizations. It is important to underline that European Authorities categorize us as “consumer” organizations and that we were advised by EC officials to apply for that specific tender. The EC turned down our 2009 application, and clearly told us that we would never be successful for this yearly tender..."

At the 17^th Shareholder's Meeting of Mercator, which took place on 22^nd of June, all of the resolutions proposed by the Management and Supervisory Board were adopted - all with over 99.9% IN FAVOR of the votes cast. Such an outcome was foreseen, although there were suggestions that voting rights were taken from some of the larger shareholders. In addition, the largest shareholder, Pivovarna Laško, d.d., did not attend nor was represented at the Shareholders' Meeting, since they had just reached an agreement with the banks on selling the majority of shares of Mercator, d.d.

The overall shareholder representation was extremely low with only 23.45% votes. In the framework of the proxy collection, 2.61% of the company's capital was represented. Of the 1,917 collected proxies, VZMD representatives, Andreja Sever and Blaž Strojan, M.Sc., received 768 proxies or 40.06% of the proxies.

On June 21, 2011, the president of the VZMD actively partook at the Executive Board Meeting of the WFIC - World Federation of Investors' Corporation and, in the afternoon, participated at the festivities and activities surrounding the 20^th Anniversary of Slovenia's Independence. The festivities were held at the European Parliament through the organization of its seven Slovenian members with the keynote speaker being the ex-president of the European Commission and the ex-premier of Luxembourg, Mr. Jacques Santer.

 

In context of this organized proxy collection, the VZMD - PanSlovenian Shareholders' Association, through the cooperation of the company Sava, gathered 2,269 proxies, of which the three representatives of the VZMD received 1,329 proxies while Sava's three representatives received 815 proxies.  The organized proxy collection was further joined by MDS, whose six proxy candidates received the remaining 125 proxies. 

The organized proxy collection, which the company Sava implemented through the collaboration with the VZMD - PanSlovenian Shareholders' Association, was beforehand publically announced (Friday, May 20, 2011) by Sava through the electronic informative system of the Ljubljana Stock Exchange, SEOnet.  In addition, for the first time, foreign investors and shareholders could also voice their voting rights at the General Assembly through the Eurovote system, which through the support of the European Commission, is implemented by the Euroshareholders in affiliation with the VZMD - PanSlovenian Shareholders' Association.  (Click here for more on the EuroVote system.)