In the previous week, VZMD brought a legal action at the District court Ljubljana to dispute the decision of the General meeting on the dubious recapitalization, which was adopted during the recent urgent meeting of the company MERCATOR, d.d. The legal action was brought on behalf of VZMD and shares as part of the VZMD’s “Share SUPPORT”. After additional verifications and initiatives of individual shareholders, the Association is certain that the intention of the adopted decision is possibly trying to ensure that the majority shareholder – the company FORTENOVA GROUP (89.11%) – uses the aforementioned recapitalization and other financial operations to gain at least 90 % share of all shares to which voting rights are attached, thus creating conditions to squeeze out the remaining 1,284 minority shareholders which did not accept the recent takeover bid (€36 per share which is also the recapitalization amount per share).
News
BLED, SLOVENIA - successful conclusion of the international conference and 4 days of socializing between BETTER FINANCE and VZMD - the latter as the organizer has received numerous commendations from Slovenia and abroad for the event organization efforts
After a very successful International Investor Conference by BETTER FINANCE and VZMD (VIDEO: https://youtu.be/VEHLVpKwkMU), the Association has been receiving commendations from Slovenian and foreign guests, partners as well as participants of the event. In addition to commendations for both the content and the technical side of the conference. The excitement was even greater because this was the first time that the representatives and members of the European Federation of Investors and Financial Services Users (BETTER FINANCE) and the World Federation of Investors (WFI) met in person since the outbreak of the COVID-19 pandemic. VZMD President, Mr. Kristjan Verbič, also received many praises during the opening of the International Trade Fair MOS in Celje, among others by the Prime Minister of the Republic of Slovenia, Mr Janez Janša, and the Minister of the Economic Development and Technology, Mr Zdravko Počivalšek.
ECHR rules the expropriations in Slovenian banks a VIOLATION OF THE RIGHTS to enjoyment of property, which is to be remedied with appropriate pecuniary remuneration
The VZMD welcomes the recent European Court of Human Rights (ECHR) ruling, which, unlike all other domestic judicial instances, ruled that wiping out shares and bonds (»bail-in«) – while ignoring all due process rules – violated the right to enjoyment of property. Even though the court did not go into details regarding the amount of pecuniary loss, the finding itself that a property right has been violated requires the violation to be remedied with an appropriate pecuniary remuneration. The VZMD also wants to recall the numerous initiatives prepared by its associates for this purpose, which have observed all European frameworks regarding bank bailouts.
VIDEO INVITATION for the INTERANATIONAL INVESTORS CONFERENCE - European Federation of Investors & VZMD
PRESENT YOURSELVES at the grand INTERNATIONAL INVESTOR CONFERENCE the side event taking place under the Slovenian EU Presidency and organized by the European Federation of Investors – BETER FINANCE and by the Pan-Slovenian Investors' and Shareholders' Association - VZMD.
Meet the international panel of investors and their associations, decision-makers, and representatives of various institutions - on distinguished sites, in formal and informal setting.
An unprecedented networking opportunity - contact us!
Invest in the future!
VZMD President for STA: “Encouraging people with nearly €24 billion worth of deposits in the Slovenian banks to let their savings strengthen the Slovenian economy through the capital market would benefit them and the entire community!”
A month before the International investor conference and the meeting of the European Federation of Investors and the Financial Services Users (BETTER FINANCE) and the World Federation of Investors (WFI) in Slovenia, the Slovenian Press Agency (STA) published an interview with the VZMD President, mag. Kristjan Verbič. In it, mag. Verbič touches on the main topics of the upcoming conference of the “European Capital Markets for Individual Investors” which is being organized by the VZMD together with BETTER FINANCE and is to take place in September in Bled. The entire interview is published below.
VIDEO INVITATION by the director of the European Federation of Investors to the international conference organized with VZMD on 13 September in Bled - YOU ARE KINDLY INVITED TO ATTEND!
Yesterday, the European Federation of Investors and Financial Services Users (BETTER FINANCE), bringing together 43 national organizations and 5 million investors accross EU, published a VIDEO INVITATION: https://youtu.be/u5Fs3H5WLDQ.
With it the Managing Director Guillaume Prache is inviting partners and the international business and investor community to participate at the International Investor Conference, on 13 September in the eminent Grand Hotel Toplice, Bled, which is organized together with VZMD - the PanSlovenian Shareholders' and Investors' Association.
IN MEMORIAM Roger Ganser
It is with great sadness that we received the news of the passing of our
longtime friend, Roger Ganser,
the inspiring president of the World Federation of Investors (WFI),
Association of Investors USA (BetterInvesting), member of the SEC and
NYSE Board Advisory Council.
Roger has always impressed us as well as enriched our lives with his
presence, wisdom, and remarkable cheerfulness and vitality –
from our first meetings in Sao Paolo, Belo Horizonte, and Rio in Brazil thirteen years ago,
and since then all around Europe, on both friendly visits to Slovenia, all the way to
our earnest and friendly meetings in New York – which were unfortunately out last.
We offer our heartfelt condolences to Roger's loved ones and
hope that the memory of his unique and unforgettable personality, touching resolve
and charming energy will comfort them in this time of grief.
Dear Roger, you will be missed!
Kristjan Verbič
PanSlovenian Shareholders' and Investors' Association
VRŠIČ - traditional meeting at the 105th anniversary of the construction of the RUSSIAN CHAPEL also marked by efforts of international business-investor programs of the VZMD and the upcoming investor conference
On Saturday, the commemoration of the 105th anniversary of the construction of the Russian chapel was held below the Vršič pass. Numerous high representatives of diplomacy, economy, politics and culture have traditionally participated in the commemoration. This time the Russian delegation was lead by the Deputy Speaker of the Federation Council of the Federal Assembly of the Russian Federation, Mr. Konstantin Kosachev, while the highest representatives from Slovenia, the president of the Republic of Slovenia, Borut Pahor, the Minister of Economic Development and Technology, Zdravko Počivalšek and many members of the National Assembly of the Republic of Slovenia also attended.
VIDEO VZMD.tv on the high profile commemoration five years ago: www.youtube.com/watch?v=1U8MHyUPB24 .
EUROPEAN FINANCIAL SERVICES CONFERENCE in the light of the vision for the next generation European financial system, with high-level representatives and honorary speaker Mr. Andrej Šircelj, Slovenian Minister of Finance, as well as active participation by VZDM
Last Tuesday, the 19th Annual European Financial Services Conference (EUFSConf21) took place; it is considered one of the major events in Brussels that usually attracts over 400 international participants, particularly representatives of banks and the financial industry, decision-makers and policy-makers who discuss each year’s most important issues affecting the European and global financial markets.
THE EUROPEAN FEDERATION OF INVESTORS and the VZMD are organizing an international conference and meeting in Ljubljana during the Slovenian Presidency of the Council of the EU - INVITATION to the partners to participate and enrich the program
In September, an international conference of investors and a meeting of the European Federation of Investors and Financial Services Users is going to take place in Ljubljana (BETTER FINANCE), which will be co-organized by the PanSlovenian Investors' & Shareholders' Association (VZMD) as one of the most active members. The World Federation of Investors (WFI) and other partner organizations, as well as numerous international experts, decision-makers and institution representatives, are invited to participate in the meeting, which is going to take place during the Slovenian Presidency of the EU Council. Aside from the meeting of the Legal Committee of BETTER FINANCE, the highlight of the event will certainly be the International conference on measures for long-term participation of investors in EU capital markets and improvements to corporate governance.
FESE Convention - FEDERATION OF EUROPEAN SECURITIES EXCHANGES on strengthening of the joint capital market and EU recovery, characterized by the upcoming Slovenian presidency of the EU Council as well as active participation of VZMD and the European Federation of Investors
The Convention of the Federation of European Securities Exchanges (FESE) – an influential international organization connecting 35 exchanges from 30 European countries – took place under the title “Public Capital Markets Powering Europe`s Recovery”. Although this year the Convention took place online (VIDEO), it was attended by the highest decision makers, representatives from the fields of economy, finance and politics as well as many other distinguished guests and invited delegates. In addition to hearing Mairead McGuinness, the European Commissioner for Financial Stability, Financial Services and the Capital Markets Union – and in light of the upcomingSlovenian presidency of the Council of the EU – the participants were also addressed by the Minister of Finance of the Republic of Slovenia mag. Andrej Šircelj, who was one of keynote speakers (VIDEO).