RNS Number : 6356Z
Fondul Proprietatea S.A.
30 May 2016
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To:
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FINANCIAL SUPERVISORY AUTHORITY
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BUCHAREST STOCK EXCHANGE
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LONDON STOCK EXCHANGE
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Re:
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Notification regarding the transactions performed within the buy-back programme
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From:
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FONDUL PROPRIETATEA S.A.
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The undersigned, FONDUL PROPRIETATEA S.A. ("FP / The
Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting
in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during
23 - 27 May 2016, according to Article 150 of the NSC's Regulation no. 1/2006 regarding issuers and
operations with securities:
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a) Issuer's name (buyer)
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FONDUL PROPRIETATEA S.A.
Bucharest Stock Exchange Symbol: FP
London Stock Exchange Symbol: FP.
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b) Broker's name
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WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in
relation to the purchase of shares), and
GOLDMAN SACHS INTERNATIONAL (as buy-back agent in relation to the
purchase of GDRs)
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c) Description of the acquired financial instruments
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Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed
on the Bucharest Stock Exchange ("BVB"), and
Global Depositary Receipts ("GDRs") corresponding to the Fund's
shares listed on the London Stock Exchange ("LSE")
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d) Transaction's
type
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Buy-back
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e) Details with respect to the execution of the buy-back market orders
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Within the trading session
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f) Total number of shares and equivalent
shares of GDRs bought-back in the reporting period, out of which:
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4,658,484
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- current number of shares bought back
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4,658,484
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- equivalent shares of current number of GDRs bought
back
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0 (representing 0 GDRs)
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g) Total value of the transactions performed in the reporting period (RON), out of
which:
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3,399,838.16
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- value of the shares acquisition (RON)
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3,399,838.16
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- estimated value of the equivalent shares of GDRs based on the
exchange rate communicated by the National Bank of Romania (RON)
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0
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h) Total number of shares and equivalent shares of GDRs repurchased since the start of the
sixth buy-back program
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256,461,544
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- number of shares bought back
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209,087,644
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- equivalent shares of current number of GDRs bought
back
- equivalent shares of current number of GDRs converted in shares
from the start of sixth buy-back programme
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47,373,900 (representing 947,478 GDRs)
40,123,700 (representing 802,474 GDRs)
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- % of subscribed share capital as at 30 April 2016
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2.33
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- % of paid-up share capital as at 30 April 2016
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2.41
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- % of total voting rights as at 30 April 2016
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2.47
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i) Total value of the shares repurchased since the start of the sixth buy-back program
(RON)
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201,815,891.90
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- value of the shares acquisition (RON)
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163,634,820.98
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- estimated value of the equivalent shares of GDRs based on the
exchange rate communicated by the National Bank of Romania (RON)
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38,181,070.92
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j) Number of shares left to be repurchased from sixth buy-back programme
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635,308,511
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k) Number of shares left to be repurchased from seventh buy-back programme
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204,815,025
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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:
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Date of the transaction
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Market on which the securities were traded
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Average price per security
(currency)
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Volume of the transaction
(no. of securities)
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Value of the transaction (currency)
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23 May 2016
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BVB
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0.7311 RON
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371,179 shares
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271,368.97 RON
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24 May 2016
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BVB
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0.7299 RON
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2,492,246 shares
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1,819,090.36 RON
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25 May 2016
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BVB
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0.7285 RON
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667,494 shares
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486,269.38 RON
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26 May 2016
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BVB
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0.7299 RON
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628,810 shares
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458,968.42 RON
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27 May 2016
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BVB
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0.7301 RON
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498,755 shares
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364,141.03 RON
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Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as
Investment Manager of FONDUL PROPRIETATEA S.A.
Oana Valentina TRUŢA
Legal Representative
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSURAVRNUAVOAR