Fondul Proprietatea S.A. Notification - buybacks 8 - 12 July 2024
15 July 2024 - 10:46PM
RNS Regulatory News
RNS Number : 4495W
Fondul Proprietatea S.A.
15 July 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 08 - 12 July
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
type
|
Buy-back
|
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
(no. of
shares)
|
Volume of
the transaction
(no. of
GDRs)
|
Value of
the transaction with shares (RON)
|
Value of the transaction with
GDRs (USD)
|
08 July
2024
|
0.3800
|
-
|
3,377,505
|
-
|
1,283,451.90
|
-
|
09 July
2024
|
0.3925
|
-
|
4,020,581
|
-
|
1,578,078.04
|
-
|
10 July
2024
|
-
|
-
|
-
|
-
|
-
|
-
|
11 July
2024
|
-
|
-
|
-
|
-
|
-
|
-
|
12 July
2024
|
-
|
-
|
-
|
-
|
-
|
-
|
Number of shares and GDRs
bought-back and total value of transactions performed during the
reporting period
|
7,398,086
shares
|
0
GDRs (representing
0
shares)
|
RON
2,861,529.94
total
value of the shares acquisition
|
USD 0
total
value of the GDRs acquisition
RON 0
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 performed during
2024
|
83,015,288 shares
|
65,776
GDRs (representing
3,288,800
shares)
|
RON
36,493,985.69
total
value of
the
shares
acquisition
|
USD
349,313.21
total
value of the GDRs acquisition
RON 1,621,938.04 estimated value of the equivalent shares of GDRs based on the
exchange rate communicated by the National Bank of
Romania
|
Number of shares left to be
repurchased within the 2024 buy-back
programme[1] as of the date of this notification
|
913,695,912
shares
|
* 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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