Moldova's National Commission for Financial Markets (CNPF) adopted decisions covering capital markets authorisations and consumer protection, including registering two share issues in the securities issuers register and rejecting a consumer’s preliminary request linked to an insurance claims file. The CNPF registered the results of GARANT-AUTO SA’s second additional share issue of MDL 252,343, consisting of 36,049 ordinary registered shares paid in cash, taking the company’s share capital to MDL 821,065 divided into 117,295 ordinary registered shares with a nominal value of MDL 7 each. It also registered the shares placed on the incorporation of XVG ATLAS GROUP SA, amounting to MDL 600,000 through 60,000 ordinary registered shares with a nominal value of MDL 10 each. On supervision, the CNPF rejected a consumer’s preliminary request challenging the CNPF response that closed an administrative procedure concerning the handling of a damages file by Î.M. C.I.A TRANSELIT SA, citing the absence of grounds indicating illegality in the CNPF’s actions given ongoing court proceedings to determine fault for the accident. For GARANT-AUTO SA, the CNPF highlighted that the registered issue exceeds 25% of shares in circulation, giving shareholders a legal right to request the company to purchase their shares. The share purchase procedure is to be carried out after registration of the increased share capital with the Public Services Agency (ASP), and shareholders may submit written requests within three months of that registration.
National Commission for Financial Markets 2025-09-12
Moldova's National Commission for Financial Markets registers GARANT-AUTO MDL 252,343 additional share issue and XVG ATLAS GROUP MDL 600,000 incorporation shares
Moldova's National Commission for Financial Markets (CNPF) registered two share issues: GARANT-AUTO SA's additional shares of MDL 252,343 and XVG ATLAS GROUP SA's incorporation shares of MDL 600,000. The CNPF rejected a consumer's preliminary request related to an insurance claims file, citing no illegality amid ongoing court proceedings. GARANT-AUTO SA's share issue exceeds 25% of shares in circulation, allowing shareholders to request the company to purchase their shares post-registration with the Public Services Agency.