REG - Fondul Proprietatea - Update on the Fund's buyback programmes

Fondul Proprietatea SAAnnouncement

31/01/2025 16:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250131:nRSe5228Va&default-theme=true

RNS Number : 5228V  Fondul Proprietatea S.A.  31 January 2025

 To:          Bucharest Stock Exchange                                            Report date:

                 Financial Supervisory Authority                                  31 January 2025

                London Stock Exchange

                                                                                  Name of the issuing entity:

 Current report according to Article 99 letter s) of the Code of the Bucharest    Fondul Proprietatea S.A.
 Stock Exchange, Title II, Issuers and Financial Instruments.

 Important events to be reported:

                                                                                Registered office:
 Update on the Fund's buyback programmes

                                                                                76-80 Buzesti Street
 Franklin Templeton International Services S.À R.L., in its capacity of

 alternative investment fund manager and sole director ("AIFM") of Fondul         7(th) floor, district 1,
 Proprietatea S.A. ("the Fund"), would like to update shareholders and

 investors on the status of its buyback programmes.                               Bucharest, 011017

 Start of the sixteenth buyback programme

 In accordance with EGM Resolution no. 10/2 December 2024, published in the       Phone/fax number:
 Official Gazette of Romania, Part IV, no. 393/29 January 2025, the next

 buyback programme refers to the acquisition of a maximum number of 320,000,000   Tel.: + 40 21 200 96 00
 ordinary shares and/or equivalent global depositary receipts corresponding to

 the Fund's shares ("GDRs") commencing on 3 February 2025. The shares             Fax: +40 31 630 00 48
 repurchased during this buyback programme will be cancelled. The trade price

 range for the programme is RON 0.2 / share to RON 1 / share. This buy-back
 programme implementation will be done exclusively from own sources ("2025

 buyback programme").                                                             Email:

 The Fund Manager would like to inform shareholders that Auerbach Grayson and     office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 Swiss Capital have been selected to provide brokerage services for the 2025

 buyback programme.

 The Fund is allowed to buyback daily up to 25% of the average daily volume of    Internet:
 the Fund's shares (whether in the form of ordinary shares or GDRs) on the

 regulated market on which the purchase is carried out, calculated in             www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 accordance with applicable law. AIFM will report on a weekly basis on the

 progress of the 2025 buyback programme according to the legislation in force.

 Franklin Templeton International Services S.À R.L, in its capacity of            Sole Registration Code with the Trade Register Office:
 alternative investment fund manager and sole director of FONDUL PROPRIETATEA

 S.A.                                                                             18253260

 Johan MEYER                                                                      Order number in the Trade Register:

 Permanent Representative                                                         J40/21901/2005

                                                                                  Subscribed and paid-up share capital:

                                                                                  RON 1,849,342,164.28

                                                                                  Number of shares in issue and paid-up:

                                                                                  3,556,427,239

                                                                                  Regulated market on which the issued securities are traded:

                                                                                  Shares on Bucharest Stock Exchange

                                                                                  GDRs on London Stock Exchange

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSWPUGUGUPAGQG