| 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 7 October - 11 October 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) |
| 7 October 2024
| - | - | - | - | - | - |
| 8 October 2024
| 0.3589 | - | 338,635 | - | 121,536.10 | - |
| 9 October 2024 | - | - | - | - | - | - |
| 10 October 2024 | - | - | - | - | - | - |
| 11 October 2024 | - | - | - | - | - | - |
|
Number of shares and GDRs bought-back and total value of transactions performed during the reporting period | 338,635 shares |
- GDRs (representing - shares) |
RON 121,536.10 total value of the shares acquisition | USD - total value of the GDRs acquisition
RON - 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 | 338,876,723 shares | 335,320 GDRs (representing 16,766,000 shares) | RON 205,822,719.95 total value of the shares acquisition | USD 2,339,113.97 total value of the GDRs acquisition
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 | ||
| Number of shares left to be repurchased within the 2024 buy-back programme[1] as of the date of this notification | 644,357,277 shares[2] | |||||
* 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").
[2] 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. Following the acquisition of 338,635 shares on 8 October 2024, as per the present Notice, the limit of 10% of the share capital regulated by the provisions of art. 29 (4) of Law no. 243/2019 was reached, thus ending the 2024 buyback programme.
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.