REG - Fondul Proprietatea - Notification - buybacks 15 - 19 April 2024

Fondul Proprietatea SAAnnouncement

22/04/2024 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240422:nRSV5448La&default-theme=true

RNS Number : 5448L  Fondul Proprietatea S.A.  22 April 2024

 To:    FINANCIAL SUPERVISORY AUTHORITY
        BUCHAREST STOCK EXCHANGE
        LONDON STOCK EXCHANGE

 Re:    Notification regarding the buy-back transactions performed during the 2024
        programme

 From:  FONDUL PROPRIETATEA S.A.

Considering article 2 of Commission Delegated Regulation (EU) 2016/1052
supplementing Regulation (EU) No 596/2014 of the European Parliament and of
the Council with regard to regulatory technical standards for the conditions
applicable to buy-back programmes and stabilisation measures, Article 5(3) of
Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and
Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial
instruments, 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 information regarding the transactions concluded
during 15 - 19 April 2024:

 

 a) Issuer's name (buyer)                                                                                   FONDUL PROPRIETATEA S.A.

                                                                                                            Bucharest Stock Exchange Symbol: FP

                                                                                                            London Stock Exchange Symbol: FP.

 b) Brokers' names                                                                                          ·  SWISS CAPITAL S.A., and

                                                                                                            ·  AUERBACH GRAYSON
 c) Description of the acquired financial instruments and trading place                                     Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on
                                                                                                            the Bucharest Stock Exchange ("BVB"), and

                                                                                                            Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the
                                                                                                            Fund's shares listed and traded on the London Stock Exchange ("LSE")

 d) Transaction's                                                                                           Buy-back
 type
 e) Details with respect to the execution of the buy-back market orders                                     Within the trading session

 

The details of the transactions carried out during the reporting period with
respect to the shares and GDRs issued by Fondul Proprietatea SA for the
purpose of the buy-back are described further below:

 

 Date of the transaction     Weighted average price per share (RON)*  Weighted average price per GDR (USD)*  Volume of the transaction  Volume of the transaction   Value of the transaction with shares (RON)  Value of the transaction with GDRs (USD)

                                                                                                             (no. of shares)            (no. of GDRs)
 15 April 2024               0.5150                                   5.4000                                 635,385                    4,131                       327,223.28                                  22,307.40

 16 April 2024               0.5152                                   5.4000                                 654,856                    4,181                       337,381.81                                  22,577.40
 17 April 2024               0.5150                                   5.4000                                 656,963                    4,233                       338,335.95                                  22,858.20
 18 April 2024               0.5173                                   5.3652                                 638,872                    4,356                       330,488.49                                  23,370.81
 19 April 2024               0.5220                                   -                                      632,048                    -                           329,929.06                                  -
                                                                                                             3,218,124                                              RON 1,663,358.59                            USD 91,113.81

                                                                                                             shares                     16,901 GDRs (representing   total value of the shares acquisition       total value of the GDRs acquisition

 Number of shares and GDRs bought-back and total value of transactions                                                                  845,050 shares)
 performed during the reporting period

                                                                                                                                                                                                                RON 425,658.40 estimated value of the equivalent shares of GDRs based on the
                                                                                                                                                                                                                exchange rate communicated by the National Bank of Romania

 Total number of shares and GDRs bought-back and total value of transactions                                 3,218,124                  16,901 GDRs (representing   RON 1,663,358.59                            USD 91,113.81
 performed during 2024

                                                                                                             shares                     845,050                     total                                       total value of the GDRs acquisition

                                                                                                                                        shares)                     value of the

                                                                                                                                                                    shares                                      RON 425,658.40 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 2024 buy-back programme 1                                995,936,826 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  (#_ftnref1) As per the Fund's Extraordinary General Shareholders Meeting
Resolution no. 1/13 February 2024, published in the Official Gazette of
Romania, Part IV, no. 955/26 February 2024, the 2024 buyback programme refers
to the acquisition by the Fund of a maximum number of 1,000,000,000 shares
and/or equivalent global depository receipts corresponding to the Fund's
shares ("GDRs"). The duration of the 2024 buyback programme is until 31
December 2024. The shares repurchased during this buyback programme will be
cancelled (the "2024 buyback programme").

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  POSUUOARSBUSUAR