REG - Fondul Proprietatea - Notification - buybacks 15 July-30 September 2024

Fondul Proprietatea SAAnnouncement

30/09/2024 16:00

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RNS Number : 3050G  Fondul Proprietatea S.A.  30 September 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 July - 30 September 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)

 26 September 2024           0.6622                                   7.3821                                 255,522,800                269,544                      169,207,198.16                              1,989,800.76

                                                                                                             255,522,800                                                                                         USD 1,989,800.76

 Number of shares and GDRs bought-back and total value of transactions                                       shares                     269,544 GDRs (representing   RON 169,207,198.16                          total value of the GDRs acquisition
 performed during the reporting period

                                                                                                                                        13,477,200 shares)           total value of the shares acquisition

                                                                                                                                                                                                                 RON 8,855,807.26 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                                 338,538,088 shares         335,320 GDRs (representing   RON 205,701,183.85                          USD 2,339,113.97
 performed during 2024

                                                                                                                                        16,766,000                   total                                       total value of the GDRs acquisition

                                                                                                                                        shares)                      value of the

                                                                                                                                                                     shares                                      RON 10,477,745.30 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                                644,695,912 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"). 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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