Fondul Proprietatea - Update on the public tender offer process

Fondul Proprietatea SA

09/08/2024 16:11

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RNS Number : 9634Z  Fondul Proprietatea S.A.  09 August 2024

 Current report according to art. 234 (1) (r) of the Financial Supervisory
 Authority's Regulation no. 5/2018 on issuers of financial instruments and

 market operations and as well as to art. 99 (s) of the Code of the Bucharest     Report Date:
 Stock Exchange Market Operator, Title II, Issuers and Financial Instruments

                                                                                9 August 2024

 Major events to report:

                                                                                Name of the issuing entity:

                                                                                Fondul Proprietatea S.A.
 Update on the tender offer process under the buy-back programme

 Further to the current report published on 24 July 2024, Franklin Templeton

 International Services S.À R.L., as alternative investment fund manager and      Registered office:
 sole manager ("AIFM/Manager") of Fondul Proprietatea S.A. (the "Fund"), wishes

 to inform shareholders that, following (i) the issuance by the Financial         Str. Buzeşti nr. 76-80, etaj 7, sector 1, Bucharest, 011017
 Supervisory Authority (the "FSA") of the authorization of the share capital

 decrease approved by Resolution no. 3 dated 30 April 2024 of the Extraordinary
 General Meeting of Shareholders of the Fund and (ii) the FSA's interpretation

 of Article 29 (4) of Law no. 243/2019, as amended by Emergency Ordinance no.     Phone/Facsimile:
 71/2024, according to which the buy-back programme approved by Resolution no.

 1 of 13 February 2024 of the Extraordinary General Meeting of the Shareholders   Tel.: + 40 212 009 600
 of the Fund is limited to 10% of the share capital resulting from the decrease

 referred to in item (i), has filed today with the FSA the amendment to the       Fax: + 40 316 300 048
 Tender Offer documentation, mainly with regard to the number of shares that

 the Fund intends to repurchase, namely up to 269,000,000 shares (both in the     Email:
 form of shares and GDRs).

                                                                                office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 It is anticipated that the full details of the Offer, including the price,

 will be announced if and when the Offer is implemented and if and when           Internet:
 approval from the FSA is obtained, which approval is expected to be received

 within 10 business days, in accordance with applicable regulations.              www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)

 Important note to shareholders and investors

 The submission of the request for approval of the tender offer announced by      Sole Code of Registration with the Trade Registry Office:
 this report is not a guarantee that the Fund will actually carry out the

 tender offer; the Fund's decision to commence the tender offer will depend on    18253260
 a number of factors (including market conditions and FSA's approval of the

 tender offer documentation). Nothing in this announcement shall be deemed to
 be an obligation of the Fund to implement the tender offer.

                                                                                Registered with the Trade Registry under no.:
 If the tender offer is commenced, the offer and purchase of shares and GDRs

 will be conducted exclusively in accordance with the terms and conditions of     J40/21901/2005
 the tender offer document if and when published. The information contained in

 this announcement is for information purposes only and is not believed to be
 complete or final. The information contained in this announcement, or the

 accuracy or completeness thereof may not be relied upon for any purpose. This    Subscribed and paid-up share capital:
 announcement is not intended to, and does not constitute, or form part of, an

 offer to sell or an invitation to buy, exchange or subscribe for any             RON 2,947,779,186.56
 securities in any jurisdiction. This announcement does not constitute a

 prospectus or a document equivalent to a prospectus.

 Swiss Capital S.A. together with Auerbach Grayson are acting solely on behalf    Number of shares issued and paid up:
 of the Fund and no one else in connection with the distribution of this

 document and will not be liable to anyone other than the Fund for providing      5,668,806,128
 the protections afforded to their clients.

 Franklin Templeton International Services S.À R.L., as alternative investment

 fund manager of FONDUL PROPRIETATEA S.A.                                         The regulated market on which the issued securities are traded:

 Johan MEYER                                                                      Shares on the Bucharest  Stock Exchange

 Permanent Representative

                                                                                  GDRs on the London Stock Exchange

 

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