An investment management company from the City owns 5.85% of Proprietatea Fund shares

City of London Investment Management owns 5.85% of the Proprietatea Fund shares a press release of the Bucharest Exchange reads. The company owns 134.08 million shares of the Fund and 668.200 of the warrants of UniCredit Bank. Each such warrant is convertible in 1,000 shares at Proprietatea Fund.

The pack of shares allows a 2.33% of the total nuber of votes. Foreign institutional shareholders owned 23.72% of the Fund’s shares.