REG - Fondul Proprietatea - Errata notification buybacks 28 Aug - 1 Sep 2023

Fondul Proprietatea SAAnnouncement

11/09/2023 15:00

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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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