Fondul Proprietatea - Update on the public tender offer process

Fondul Proprietatea SA

29/08/2024 16:08

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RNS Number : 2070C  Fondul Proprietatea S.A.  29 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

                                                                                29 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 reports published on 24 July 2024 and 9 August 2024,

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

 S.A. (the "Fund"), wishes to inform shareholders that the process for the        Str. Buzeşti nr. 76-80, etaj 7, sector 1, Bucharest, 011017
 approval of the tender offer for cash of its own shares in relation to the

 buy-back programme approved by the Fund's Extraordinary General Shareholders'
 Meeting Resolution no. 1 / 13 February 2024 (the "Offer") by the Financial

 Supervisory Authority (the "FSA") is still ongoing. The Fund submitted on 28     Phone/Facsimile:
 August 2024 the response to the latest request for information received from

 the FSA.                                                                         Tel.: + 40 212 009 600

 It is anticipated that the full details of the Offer, including the price, to    Fax: + 40 316 300 048
 be announced if and when the Offer is implemented and if and when approval

 from the FSA is obtained.                                                        Email:

 Important note to shareholders and investors                                     office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)

 The submission of the request for approval of the tender offer announced by      Internet:
 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    www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 a number of factors (including market conditions and ASF'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.

                                                                                Sole Code of Registration with the Trade Registry Office:
 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     18253260
 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    Registered with the Trade Registry under no.:
 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             J40/21901/2005
 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    Subscribed and paid-up share capital:
 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      RON 2,947,779,186.56
 the protections afforded to their clients.

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

 fund manager of FONDUL PROPRIETATEA S.A.                                         Number of shares issued and paid up:

 Johan MEYER                                                                      5,668,806,128

 Permanent Representative

                                                                                  The regulated market on which the issued securities are traded:

                                                                                  Shares on the Bucharest  Stock Exchange

                                                                                  GDRs on the London Stock Exchange

 

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