Templeton Asset Management, a 5% shareholder in CEZ, has called for a CEZ EGM toward the appointment of independent representatives from Templeton to the CEZ supervisory board. CEZ said that a company AGM is planned for June 19, and that it would seek an agreement with Templeton whereby the issue of board representation would be addressed then (the EGM could not be organized before early June, anyway). Templeton contends that independent representation on the CEZ board would lead to an improved perception of the company among financial and strategic investors, and a better valuation.
(Ondřej Daťka)