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RNS Number : 0561M Fondul Proprietatea S.A. 11 September 2023
To: FINANCIAL SUPERVISORY AUTHORITY
BUCHAREST STOCK EXCHANGE
LONDON STOCK EXCHANGE
Re: Errata regarding the notification regarding the buy-back transactions
performed during the 2023 programme
From: FONDUL PROPRIETATEA S.A.
The undersigned, FONDUL PROPRIETATEA S.A. ("FP" / the "Fund"), represented by
Franklin Templeton International Services S.À R.L., in its capacity of
alternative investment fund manager, hereby informs you in its capacity as
Issuer on the following errata about the information regarding the GDRs
transactions concluded on 31 August 2023:
Thus, the value of the transaction with GDRs correctly reported for 31 August
2023 (respectively without the fees related to the GDRs buy-back transaction
reported for 31 August 2023, respectively USD 4.81 / RON 21.83 based on the
exchange rate communicated by the National Bank of Romania)) must be as
follows:
Date of the transaction Weighted average price per share Weighted average price per GDR Volume of the transaction Volume of the transaction Value of the transaction with shares (RON) Value of the transaction with GDRs (USD)
(RON)* (USD)* (no. of shares) (no. of GDRs)
28 August 2023 1.9498 - 1,087,559 - 2,120,522.54 -
29 August 2023 1.9526 - 1,126,335 - 2,199,281.72 -
30 August 2023 1.9454 - 1,174,171 - 2,284,232.26 -
31 August 2023 1.9398 21.4000 1,313,876 917 2,548,656.66 19,623.80
1 September 2023 1.9362 21.2000 1,353,206 982 2,620,077.46 20,818.40
40,442.20 USD total value of the GDRs acquisition
6,055,147 shares 1,899 GDRs (representing 94,950 shares)
Number of shares and GDRs bought-back and total value of transactions 183,671.36 RON estimated value of the equivalent shares of GDRs based on the
performed during the reporting period
exchange rate communicated by the National Bank of Romania
11,772,770.64 RON total value of the shares acquisition
Total number of shares and GDRs bought-back and total value of transactions 225,157,575 shares 2,187,122 GDRs (representing 474,136,066.11 RON total 51,500,812.62 USD total value of the GDRs acquisition
performed during 2023
109,356,100 shares) value of the
shares 236,247,322.26 RON estimated value of the equivalent shares of GDRs based on
the exchange rate communicated by the National Bank of Romania
acquisition
Number of shares left to be repurchased within the 2023 buy-back programme 1 3,165,486,325 shares
(#_ftn1) as of the date of this notification
* The weighted average price per security was rounded to 4-digits
Franklin Templeton International Services S.À R.L., acting as Alternative
Investment Fund Manager of FONDUL PROPRIETATEA S.A.
Johan MEYER
Permanent Representative
1 As per the Fund's Extraordinary General Shareholders Meeting Resolution
no. 2 of 15 November 2022, published in the Official Gazette of Romania, Part
IV, no. 5051/05 December 2022, the 2023 buyback programme refers to the
acquisition by the Fund of a maximum number of 3,500,000,000 shares and/or
equivalent global depository receipts corresponding to the Fund's shares
("GDRs"). The duration of the 2023 buyback programme is until 31 December
2023. The shares repurchased during this buyback programme will be cancelled
("the 2023 buyback programme").
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