RCS - Fondul Proprietatea - Notification - buybacks 21 - 25 April 2025
28/04/2025 15:45
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RNS Number : 4797G Fondul Proprietatea S.A. 28 April 2025
To: FINANCIAL SUPERVISORY AUTHORITY
BUCHAREST STOCK EXCHANGE
LONDON STOCK EXCHANGE
Re: Notification regarding the buy-back transactions performed during the 2025
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 21 April - 25 April 2025:
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)
21 April 2025 - - - - - -
22 April 2025 0.3760 - 1,210,718 - 455,229.97 -
23 April 2025 0.3842 - 1,182,821 - 454,439.83 -
24 April 2025 0.3857 - 1,187,976 - 458,202.34 -
25 April 2025 0.3854 n/a 1,195,716 n/a 460,828.95 n/a
4,777,231 USD
Number of shares and GDRs bought-back and total value of transactions shares - RON 1,828,701.09 -
performed during the reporting period
GDRs (representing total value of the shares acquisition total value of the GDRs acquisition
-
shares) 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 68,780,436 8,940 1 RON 25,023,041.79 USD
performed during 2025
shares GDRs (representing total 35,065.86
447,000 value of the total value of the GDRs acquisition
shares) shares
acquisition RON
159,913.04
estimated value of the equivalent shares of GDRs based on the exchange rate
communicated by the National Bank of Romania
Number of shares left to be repurchased within the 2025 buy-back programme 2 250,772,564 shares 3
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 In accordance with the information published in the current report issued
by Fondul Proprietatea on 25 April 2025, which can be consulted here
(https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/investor-reports/2025/GDR%20effective%20delisting.pdf)
, the Fund informs its shareholders that the admission to trading on the SFS
of the London Stock Exchange of all Regulation S GDRs (ISIN: US34460G1067;
London Stock Exchange GDR trading symbol: FP.) representing ordinary shares of
the Fund, with one GDR representing fifty shares, was cancelled as of 8:00 am
(UK time), 25 April 2025.
2 As per the Fund's Extraordinary General Shareholders Meeting Resolution
no. 10/2 December 2024, published in the Official Gazette of Romania, Part IV,
no. 393/29 January 2025, the 2025 buyback programme refers to the acquisition
by the Fund of a maximum number of 320,000,000 shares and/or equivalent global
depository receipts corresponding to the Fund's shares ("GDRs"). The duration
of the 2025 buyback programme is until 31 December 2025. The shares
repurchased during this buyback programme will be cancelled (the "2025 buyback
programme").
3 Please note that, in accordance with art. 29 (4) of Law no. 243/2019 on
alternative investment funds, as further amended by Government Emergency
Ordinance no. 71/2024, the Fund may carry out own share buybacks operations,
only once during a financial year, up to a maximum of 10% of the share
capital.
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