REG - Fondul Proprietatea - Notification buybacks 21 - 25 August 2023

Fondul Proprietatea SAAnnouncement

29/08/2023 07:00

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RNS Number : 5431K  Fondul Proprietatea S.A.  28 August 2023

 To:    FINANCIAL SUPERVISORY AUTHORITY
        BUCHAREST STOCK EXCHANGE
        LONDON STOCK EXCHANGE

 Re:    Notification regarding the buy-back transactions performed during the 2023
        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 - 25 August 2023:

 

 

 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  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)

 21 August 2023              1.9273                            -                               1,039,404                  -                                                       2,003,243.33                                              -
 22 August 2023              1.9420                            -                               1,075,826                  -                                                       2,089,254.09                                              -
 23 August 2023              1.9573                            -                               1,079,331                  -                                                       2,112,574.57                                              -
 24 August 2023              1.9634                            21.5973                         1,082,902                  1,034                                                   2,126,169.79                                              22,331.61
 25 August 2023              1.9466                            -                               1,080,530                  -                                                       2,103,359.70                                              -
                                                                                                                                                                                                                                            22,331.61 USD total value of the GDRs acquisition

                                                                                               5,357,993 shares           1,034 GDRs (representing        51,700 shares)

 Number of shares and GDRs bought-back and total value of transactions                                                                                                                                                                      102,024.19 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
                                                                                                                                                                                  10,434,601.48 RON total value of the shares acquisition

 Total number of shares and GDRs bought-back and total value of transactions                   219,102,428 shares         2,185,223 GDRs (representing                            462,363,295.47 RON total                                  51,460,370.42 USD total value of the GDRs acquisition
 performed during 2023

                                                                                                                          109,261,150 shares)                                     value of the

                                                                                                                                                                                  shares                                                    236,063,650.90 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                  3,171,636,422 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. 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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