Fondul Proprietatea - Completion of the public tender offer

Fondul Proprietatea SA

05/12/2023 16:57

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231205:nRSE7743Va&default-theme=true

RNS Number : 7743V  Fondul Proprietatea S.A.  05 December 2023

 To:          Bucharest Stock Exchange                                            Report date:

                 Financial Supervisory Authority                                  5 December 2023

                London Stock Exchange

                                                                                  Name of the issuing entity:

                                                                                  Fondul Proprietatea S.A.

 Current report according to Article 99 letter s) of the Code of the Bucharest
 Stock Exchange Market Operator, Title II, Issuers and Financial Instruments.

                                                                                Registered office:
 Important events to be reported:

                                                                                76-80 Buzesti Street
 Completion of the public tender offer in relation to acceleration of the

 buy-back programme                                                               7(th) floor, district 1,

 Franklin Templeton International Services S.À R.L., in its capacity of           Bucharest, 011017
 alternative investment fund manager of Fondul Proprietatea S.A. (the "Fund"),

 would like to inform shareholders that the public tender offer (the "Offer")
 ended today.

                                                                                Phone/fax number:
 The key results of the Offer are:

                                                                                Tel.: + 40 21 200 96 00
 ·    Total subscriptions: 3,513,088,143 shares representing 210.3646% of

 the Offer (3,282,844,693 were subscribed in the form of shares and 230,243,450   Fax: +40 31 630 00 48
 shares in the form of global depositary receipts which represent the shares

 ("GDRs"), namely 4,604,869 GDRs)

 ·    Allocation ratio: 0.4753652433                                              Email:

 ·    Number of repurchased shares: 1,670,000,000 shares (1,560,550,300 in        office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 the form of shares and 109,449,700 shares in the form of GDRs, namely

 2,188,994 GDRs);

 ·    Purchase price: RON 0.6319 per share and the USD equivalent of RON          Internet:
 31.5950 per GDR, computed in accordance with the terms and conditions of the

 Tender Offer Documentation; the Fund will revert on 6 December 2023 with a       www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 further announcement regarding the exchange rate applicable for the GDRs;

 ·    Shares Trade Date: 6 December 2023

                                                                                Sole Registration Code with the Trade Register Office:
 ·    Settlement / payment date: 8 December 2023 for shares. With respect

 to GDRs, the GDR Tender Agent will no later than 8 December 2023 pay the GDRs    18253260
 purchase price to the Clearing Systems for further distribution to Investors

 whose GDRs have been accepted for purchase in the Offer.

 Franklin Templeton International Services S.À R.L., in its capacity of           Order number in the Trade Register:
 alternative investment fund manager of FONDUL PROPRIETATEA S.A.

                                                                                J40/21901/2005

 Johan MEYER

                                                                                Subscribed and paid-up share capital:
 Permanent Representative

                                                                                RON 2,947,779,186.56

                                                                                  Number of shares in issue and paid-up:

                                                                                  5,668,806,128

                                                                                  Regulated market on which the issued securities are traded:

                                                                                  Shares on Bucharest Stock Exchange

                                                                                  GDRs on London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TENBLBDDXUGDGXU