As a result of its responsibilities, our Company is a strong, well-organised, independent asset management company, which is able to provide its owners with continuous growth in returns and value in the course of its operations, by increasing its competitiveness and focusing on security as a prominent player in the asset management market.
The Company’s predecessor, Váltó-3 Szivárvány Kft., registered by the Budapest Court of Justice as Court of Registration on 17 July 1997 under registration number Cg.01-09-660416, was established by ÁPV Rt. (“Founder”) on 29 April 1997 as a one-person limited liability company with a share capital of HUF 40 million, which was entirely realised by means of cash deposits.
The Founder decided to transform the Ltd. (Kft.) into a joint stock company (Rt.) by its Resolution No. 45/1998 (IV.29.). VÁLTÓ Vagyonkezelési és Befektetési Rt. was registered by the Court of Registration on 31 July 1998 under number 01-10-043872/8. As of 20 April 1999, as a result of a name change, the Company became FORRÁS Vagyonkezelési és Befektetési Rt. Date of transformation into a joint stock company: 1 May 1998
In order to implement Decision 15/2002 (X.10.) RJGy. issued on the basis of Government Decision No. 1176/2002 (X.10.) on the measures for the withdrawal of compensation certificates in circulation, the Board of Directors of ÁPV Rt. designated FORRÁS Rt. as the Company affected by the withdrawal of compensation certificates in its Resolution No. 458/2002 (X.31.). Pursuant to the decision, the shares of FORRÁS Rt. issued after the capital increase were sold against compensation certificates in a public offering and subsequently listed on the stock exchange.
The Company’s ordinary (Forrás T) and preference (Forrás OE) shares were listed on the BSE in 2003.
Since 2004, the Company’s main owner is Arago Befektetési Holding Zrt., with an ownership share of more than 85%. The other owners of the Company fall into the free float category.
The Company’s shares are currently traded in the Standard Category of the BSE.
The General Meeting adopted Resolution No. 1/2006 (VIII.14.), renaming the Company as FORRÁS Vagyonkezelési és Befektetési nyilvánosan működő Részvénytársaság.