REG - Fondul Proprietatea - Update on the buyback programmes

Fondul Proprietatea SAAnnouncement

05/04/2024 16:15

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RNS Number : 5609J  Fondul Proprietatea S.A.  05 April 2024

 To:          Bucharest Stock Exchange                                            Report date:

                 Financial Supervisory Authority                                  5 April 2024

                London Stock Exchange

                                                                                  Name of the issuing entity:

 Current report according to the provisions of Article 99 letter s) of the Code   Fondul Proprietatea S.A.
 of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments

 Important events to be reported:

                                                                                Registered office:
 Update on the Fund's buyback programmes

                                                                                76-80 Buzesti Street
 Franklin Templeton International Services S.À R.L., in its capacity of

 alternative investment fund manager and sole director ("AIFM / Fund Manager")    7(th) floor,1(st) district,
 of Fondul Proprietatea S.A. ("Fund"), would like to update shareholders and

 investors on the status of its buyback programmes.                               Bucharest, 011017

 Start of the fifteenth buyback programme

 In accordance with EGM Resolution no. 1/13 February 2024, published in the       Phone/fax number:
 Official Gazette of Romania, Part IV, no. 955/26 February 2024, the next

 buyback programme refers to the acquisition of a maximum number of               Tel.: + 40 21 200 96 00
 1,000,000,000 ordinary shares and/or equivalent global depositary receipts

 corresponding to the Fund's shares ("GDRs"). The duration of the buyback         Fax: + 40 31 630 00 48
 programme is 8 April 2024 - 31 December 2024. The shares repurchased during

 this buyback programme will be cancelled. The trade price range for the
 programme is RON 0.2 / share to RON 1 / share. This buy-back programme

 implementation will be done exclusively from own sources ("2024 buyback          Email:
 programme").

                                                                                office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 The Fund Manager would like to inform shareholders that Auerbach Grayson and

 Swiss Capital have been selected to provide brokerage services for the 2024
 buyback programme.

                                                                                Internet:
 The Fund is allowed to buyback daily up to 25% of the average daily volume of

 the Fund's shares (whether in the form of ordinary shares or GDRs) on the        www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 regulated market on which the purchase is carried out, calculated in

 accordance with applicable law. AIFM will report on a weekly basis on the
 progress of the 2024 buyback programme according to the legislation in force.

                                                                                Sole Registration Code with the Trade Register Office:
 Franklin Templeton International Services S.À R.L., acting as Alternative

 Investment Fund Manager and  Sole Director of FONDUL PROPRIETATEA S.A.           18253260

 Johan MEYER

 Permanent Representative                                                         Order number in the Trade Register:

                                                                                  J40/21901/2005

                                                                                  Subscribed and paid-up share capital:

                                                                                  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

 

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