REG - Fondul Proprietatea - Notification - buybacks 6 - 10 May 2024

Fondul Proprietatea SAAnnouncement

13/05/2024 09:45

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RNS Number : 1580O  Fondul Proprietatea S.A.  13 May 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 6 - 10 May 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)
 6 May 2024                  -                                        -                                      -                          -                          -                                           -

 7 May 2024                  0.5199                                   5.4500                                 641,906                    3,028                      333,726.93                                  16,502.60
 8 May 2024                  0.5175                                   5.4500                                 675,707                    3,000                      349,678.37                                  16,350.00
 9 May 2024                  0.5154                                   5.4500                                 719,961                    3,322                      371,067.90                                  18,104.90
 10 May 2024                 0.5171                                   -                                      782,166                    -                          404,458.04                                  -
                                                                                                             2,819,740 shares                                                                                  USD 50,957.50

                                                                                                                                        9,350 GDRs (representing   RON 1,458,931.24                            total value of the GDRs acquisition

 Number of shares and GDRs bought-back and total value of transactions                                                                  467,500 shares)            total value of the shares acquisition
 performed during the reporting period

                                                                                                                                                                                                               RON 236,159.27 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                                 10,394,230 shares          51,443 GDRs (representing  RON 5,396,164.72                            USD 279,142.31
 performed during 2024

                                                                                                                                        2,572,150                  total                                       total value of the GDRs acquisition

                                                                                                                                        shares)                    value of the

                                                                                                                                                                   shares                                      RON 1,299,139.31 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                                987,033,620 shares
 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. 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").

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