In order to gain ownership of the shares held by a deceased person, the following procedure must be followed:
1. The heir/heirs of the deceased persons shall request the Central Depository, based on the payment of a fee and submission of the required documents, to issue a statement of account comprising the shares held with Transilvania Investments Alliance (former S.I.F. Transilvania) and any additional shares held by the deceased person with other investment companies or companies; Important clarification: On the basis of the cooperation protocol signed between the Central Depositary and the National Center for Administration of National Registers of Notary (CNARNN-INFONOT), the employees of this institution can release, by accessing the Central Depositary System, the summary of account positions on behalf of the deceased persons, necessary for the debate of the successions handled by the notaries public.
2. Based on the statement of account, the heir/heirs shall request a notary public to carry out the inheritance division for all the shares held by the deceased person. If there are several heirs, the termination of the joint tenancy shall also be performed;
3. After completing the inheritance division, the heir/heirs shall request the Central Depository, based on the payment of a fee and submission of the required documents, the transfer of the shares in the shareholders register from the deceased person to the heir/heirs and the issuance of the document called confirmation of transfer. If there are several heirs, confirmations of termination of the joint tenancy shall also be requested. Additional information on the transfer of property procedure may be obtained from the Central Depository, headquartered in Bucharest, 34-36 Carol I Boulevard, Floors 3, 8 and 9, District 2, phone: 021-4085800, 021- 4085874, website: www.roclear.ro, e-mail: contact@depozitarulcentral.ro.
4. After completing the transfer of shares and receiving the confirmation of transfer, the new owner/owners shall request our company to assign the dividends uncashed by the deceased to the new owner/owners.