Small shareholders can participate in TCI extraordinary meeting

“According to the law, the new shareholders have a month to pay 20% of the purchase amount to the Treasury and afterwards they may advertise to hold an extraordinary meeting,” Davood Zareian told Mobna news agency.
“New TCI board of directors is selected at this meeting which small shareholders can attend but the selection and decisions are only by administrative shareholders,” he said.
50 percent plus one share of TCI was sold off to Tose’eh Etemad Mobin Consortium on 27 Sep. 30 percent had been sold off last year and 20 percent remained with the government.
The board of directors is expected to change in the next two months.
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