REG - Fondul Proprietatea - Notification buybacks 29 March - 2 April 2021
RNS Number : 4120UFondul Proprietatea S.A.05 April 2021
To:
FINANCIAL SUPERVISORY AUTHORITY
BUCHAREST STOCK EXCHANGE
LONDON STOCK EXCHANGE
Re:
Notification regarding the buy-back transactions
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 29 March 2021 - 2 April 2021:
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 type
Buy-back
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
(no. of shares)
Volume of the transaction
(no. of GDRs)
Value of the transaction with shares (RON)
Value of the transaction with GDRs (USD)
29 March 2021
1.6935
-
536,854
-
909,162.25
-
30 March 2021
1.7173
20.1976
538,068
8,330
924,024.18
168,246.01
31 March 2021
1.7289
-
541,768
-
936,662.70
-
1 April 2021
1.7660
-
553,240
-
977,021.84
-
2 April 2021
1.7748
-
567,628
-
1,007,426.17
-
Number of shares and GDRs bought-back during the reporting period
2,737,558 shares
8,330 GDRs (representing 416,500 shares)
-
-
Total value of the transactions performed in the reporting period
-
-
4,754,297.14 RON total value of the shares acquisition
168,246.01 USD total value of the GDRs acquisition
699,398.66 RON 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 performed during 2021
55,918,997 shares
412,405 GDRs (representing 20,620,250 shares)
-
-
Number of shares left to be repurchased within the twelfth buy-back programme[1] as of the date of this notification
723,460,753 shares
* 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. 5 of 13 November 2020, published in the Official Gazette of Romania, Part IV, no. 4233/02.12.2020, the twelfth buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the twelfth buyback programme is 1 January 2021 - 31 December 2021. The shares repurchased during this buyback programme will be cancelled.
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