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Possible Asymmetric Split of HTI Securities
HTI Valori Mobiliare (HTI Securities), one of the best known brokerage firms in Romania, will be subject to an asymmetric split if the shareholders approve this motion during the assembly called for June 26th. If the motion carries, the Board will be mandated to draft the split-related documents and take the appropriate measures to fulfill all procedures.

HTI Securities holds a consolidated position on the Romanian capital market and owns the largest stake in the share capital of the Bucharest Stock Exchange (1.8 percent). Also, the firm consolidated its grip on the Sibiu Monetary and Commodities Exchange to (16 percent) following the increase in the Exchange's capital last year. Later on, HTI Securities ceded approximately 8 percent in the Sibiu Monetary and Commodities Exchange to two Ltds.

HTI Securities was established in 1997 and is a founding member of the Bucharest Stock Exchange. The initial name of the firm was EFINVEST. In late 2001, EFINVEST had no ongoing operations and was acquired by HTI Financial, a leading brokerage firm on the derivatives section of the Sibiu Monetary and Commodities Exchange at that time. Following the capital injection made by the new majority shareholder, the company resumed brokerage activities on BVB and RASDAQ. In 2005, HTI Securities ranked 16th among Romanian brokers ranked by the aggregate value of brokered transactions and secured a 2.5 market share.

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